Halliburton ($HAL) has made its upward ascent after plummeting as low as 4.7 per share during the March dip. Now trading over 12 per share, the correction process is full en route to normalcy: HAL has traded as high as 25/share in the last calendar year, and it is there that it will (LIKELY) reside when we flip our calendars over to 2021.
It remains a longer-term swing trade, based on the inevitable correction of the oil market that is currently also underway (with OIL now over 33/barrel).
Expect HAL to continue to rise: It is **NOT** too late to get in, either. While obviously preferable to have "nabbed it" while under 10 per share, the overall adjustment is still largely yet to occur. Buy and long HAL. Swing it and flip in 7-12 months, as previously stated in HAL updates.
It remains a longer-term swing trade, based on the inevitable correction of the oil market that is currently also underway (with OIL now over 33/barrel).
Expect HAL to continue to rise: It is **NOT** too late to get in, either. While obviously preferable to have "nabbed it" while under 10 per share, the overall adjustment is still largely yet to occur. Buy and long HAL. Swing it and flip in 7-12 months, as previously stated in HAL updates.