Halliburton has broken a 8 year downtrend and it looks like it can continue to go higher. Solid earnings report yesterday and the global demand for oil is strong amid sanctions on Russian oil. With a forward PE of around 23.58 and a dividend of 1.15%, this is exactly what the smart money wants right now.
I have been positioning into this for a long term investment and taking short dated calls on all pullbacks to the 20 ema on the 8hr chart.
This is not investment advice. Do your own research!
I have been positioning into this for a long term investment and taking short dated calls on all pullbacks to the 20 ema on the 8hr chart.
This is not investment advice. Do your own research!