Halliburton (HAL)

By JC Parets Fri, Jul 3, 2020

Hey there,

I hope everyone has a happy 4th of July!

As we head into the holiday weekend, it’s important to be safe.

That goes for trading, too.

That’s why we always focus on skewed risk-reward ratios.

But risk management isn’t just about each particular trade, it’s about diversification.

And lately we’ve been focused on technology sectors.

That’s tech itself, internet, social media stocks, and medical equipment stocks, which are basically tech themselves.

So this week we’re looking at the Energy sector.

Specifically Halliburton (HAL).

We haven’t talked about Energy in a long long time, but I love this one.

We are LONG on HAL above $12.25 with a price target of last month’s high $16.25.

So as long as we’re above $12.25, we are long and looking at $16.25.

Have a great Independence Day everyone,

JC Parets

About the Author

JC Parets, founder of All Star Charts, specializes in finding the most opportunistic risk vs. reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few. JC begins with a long-term global macro perspective and then works his way down to the individual sector and industry level before ultimately isolating the stocks that best portray a particular thesis. Price is the most important technical indicator, but JC uses supplements such as Momentum, Relative Strength, and Fibonacci analysis to complete the process.