$HAL
Added 2024-05-21 19:29:58 +0000 UTCThis may be one of the strictest looking ascending triangles in the market right now.
Holding the ascending bottom yellow line perfectly since the Covid low in 2020.
Price is just around the 50 and 200 Day MA now and the drift up continues.
$43.96 is still the level to break out of for a strong move up for Wave 3 and into the Bull Case.
But a nice set up for us here when it does break out, i'll continue to monitor this.
Comments
This stock typically follows oil, and can drop at any time - I closely follow $SLB, HAL's biggest competitor. It had a similar setup, holding the trend since the covid low, until just recently when it broke below. I would expect the same for $HAL - just my opinion.
Simms327
2024-05-22 04:20:29 +0000 UTCA starter position here makes sense but waiting for the breakout lowers your risk
Gareth Neary
2024-05-21 20:19:01 +0000 UTCCap, for those that do not own....do you see this as a good entry point?
ARPedro
2024-05-21 19:53:34 +0000 UTC
