DaytradeTeam Profitzzz
Recaps of DaytradeTeam Trading Systems Performance
Thursday, December 08, 2005
Halliburton Stock (HAL) Swing Trading Alert
Halliburton is controversial because of its "big oil" label and ties with a controversial Vice President. Fortunately, there isn't much controversy about the performance of the stock recently:
The first thing I notice about the 20 day chart of HAL is the ascending triangle formation that it has formed. Notice how the stock continuously has made higher lows (the ascending line) while repeating highs at the same level (the flat upper line of triangle). This is a bullish formation.
HAL has broken out of the ascending triangle today to the upside (highlighted in yellow), indicating that a breakout toward 70 is very likely over the next few weeks. In fact, we sent out a bullish trading alert on HAL today at 65.35---about 10 minutes before it started it's big move to the upside before closing at 66.71! Look for a low volume pullback to the former resistance line of 66.20 as a great entry point for a bullish stock trading position.
Want alerts on stocks before the big moves? Try a one-week trial of our all-inclusive membership right now. You'll never be an ordinary trader again :)
The first thing I notice about the 20 day chart of HAL is the ascending triangle formation that it has formed. Notice how the stock continuously has made higher lows (the ascending line) while repeating highs at the same level (the flat upper line of triangle). This is a bullish formation.HAL has broken out of the ascending triangle today to the upside (highlighted in yellow), indicating that a breakout toward 70 is very likely over the next few weeks. In fact, we sent out a bullish trading alert on HAL today at 65.35---about 10 minutes before it started it's big move to the upside before closing at 66.71! Look for a low volume pullback to the former resistance line of 66.20 as a great entry point for a bullish stock trading position.
Want alerts on stocks before the big moves? Try a one-week trial of our all-inclusive membership right now. You'll never be an ordinary trader again :)
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