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

173

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.

Stocks Jumped in November as Sentiment Quickly Turned Bullish

Nvidia Is Sitting Quietly After Another Strong Report

Chart of the Day: Gold is Pushing $2,000

Confidence or Complacency? Fear Index Returns to Pre-Covid Levels

Nvidia Is Sitting Quietly After Another Strong Report

Chart of the Day: Gold is Pushing $2,000

Chart of the Day: Lululemon Could Be Running

Chart of the Day: Netflix Consolidates After Earnings Surge

Did Stocks Just Break Out? Here Are Key Facts as Inflation…

Earnings Have Been Decent, But the Market Has Other Worries

Options Strategies for Earnings Season and Other Events

Attention Fed Watchers: 4 Reasons Why April’s Inflation Report Could Be…

Will Inflation Hit 0% Again in November? Market Trends This Week

Breadth Widens as Soft Landing Goes Mainstream: Market Trends

Inflation and Market Conditions Improve Sharply: Market Trends Today

Goldilocks Could Be Emerging with Fed on Pause: Market Trends

Halliburton Squeezes Toward a Breakout as Oil Rallies: Chart Study

MOST POPULAR

Stocks Jumped in November as Sentiment Quickly Turned Bullish

Rolling Options: Key Things for Traders to Know

Will Inflation Hit 0% Again in November? Market Trends This Week

A Stock Trader’s Guide to Effectively Placing Stop Losses

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

Global Energy Squeeze Revives Interest In Solar Stocks Following a Year...

Bullish Call Volume Was Just Detected in This High Flying Coal...