Home Sectors Energy Halliburton Squeezes Toward a Breakout as Oil Rallies: Chart Study

Halliburton Squeezes Toward a Breakout as Oil Rallies: Chart Study

By

-

May 4, 2021

174

Energy is coming to life again as the economy reopens. Let’s take a look at oil-field service provider Halliburton , which has a few interesting chart patterns.

First is the downward-sloping trendline running along the highs of March and April. HAL closed above that resistance yesterday …

For more, please click here to view the related idea and chart analysis on TradingView.

Halliburton (HAL), daily chart, with key patterns, courtesy of TradingView.

Explore the most actively traded options

Trade 600+ futures products on an advanced platform

IMPORTANT INFORMATION:

Market Insights, its pages and content are hosted by TradeStation Group, Inc.

TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under theTradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.

Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, including the document titled Characteristics and Risks of Standardized Options if you are interested in trading equity or index options. Online trading is not suitable for all investors. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.

Rates, Geopolitics Cast Gloom Before Earnings: Market Trends This Week

Energy Stocks Pull Back But Are Still Leading This Year

Options Alert: Traders Position for Potential Drop in Uranium Miner

Stocks Have Had a Healthy Pullback. Will Buyers Step In?

Energy Stocks Pull Back But Are Still Leading This Year

Options Alert: Traders Position for Potential Drop in Uranium Miner

Chart of the Day: Are Regional Banks Turning Higher?

Chart of the Day: Palantir Stabilizes Above Old Highs

Is Inflation Making a Comeback as the Fed Looks to Cut…

Tech, Housing, Inflation: Stock Market Trends To Watch in the New…

What Is Event Risk? Why Does It Matter? How Can it…

Markets Feeling Dovish Before the Fed: 5 Key Charts Right Now

Rates, Geopolitics Cast Gloom Before Earnings: Market Trends This Week

Are Rate Cuts Out the Window? Market Trends This Week

Bulls Pivot from Rate Cuts to Economic Growth: Market Trends This…

Traders Have a Powerful Tool in OptionStation Pro

Halliburton Squeezes Toward a Breakout as Oil Rallies: Chart Study

MOST POPULAR

Stocks Pull Back Before Inflation Data and Earnings Season

Rolling Options: Key Things for Traders to Know

Rates, Geopolitics Cast Gloom Before Earnings: Market Trends This Week

Stocks Have Had a Healthy Pullback. Will Buyers Step In?

TAKE ACTION

Cryptocurrencies Score Gains as Payment Giant Enters Market

Bitcoin Rips Higher on Square News

Choppy Price Action Is Still the Trend in Cryptocurrencies

Banks Cling to Support Ahead of Stress Test

Transports Jump as Oil Retreats

Chart of the Day: Tight Consolidation, Golden Cross in Top Solar...