- Crude oil prices made a dramatic comeback from the April's 2020 low which supported the oil stocks significantly.
- Crude oil has been trending higher since last April’s low. The higher the price climbs, the more the global industry will require oil services.
- A continuation of higher petroleum prices should support gains in HAL.
- HAL has violated the downward sloping channel's upper boundary in an indication of the bulls' control.
- It seems that HAL is heading to $21.75 - $22.40 respectively in a correction of the downward move witnessed through the declining channel.
- It seems that HAL is heading to $21.75 - $22.40 respectively in a correction of the downward move witnessed through the declining channel.
- HAL has violated the downward sloping channel's upper boundary in an indication of the bulls' control.
- A continuation of higher petroleum prices should support gains in HAL.
- Crude oil has been trending higher since last April’s low. The higher the price climbs, the more the global industry will require oil services.
Catatan
The stocks hits $22.75!Catatan
Prices above the mentioned two targets.
Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.