notprofessorgreen

HAL about to break out from a stage 2 base

Largo
NYSE:HAL   Halliburton Company
HAL is showing incredible strength, with a cluster of RS before new highs and even after a day of significant selling, price still held the short term uptrend that also forms the handle in this cup and handle pattern. Over $42.60 and this stock sees new ATHs with just over a month to go before earnings; HAL has done well on the last 4 earnings and in this current market this looks likely to happen again. Volume has been contracting during this accumulation phase, but this stock looks ready for a strong next leg up

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