$HAL is still moving within this ascending triangle and right now below its 50 and 200 Day MA but continues to hold support along the bottom trend line as this drifts tighter into the apex.
I have a position and will keep it as a hedge against the price of oil but I will likely not add to my position unless the price breaks above the blue line at $44 again.
I do like how strict the price action has been adhering to the dimensions of this triangle, if OIL bounces, this will likely break out too.
Brian
2024-05-14 12:42:12 +0000 UTC