HAL Halliburton Co.

$HAL Washington has proposed investing $5 billion in a new fund to help Middle East nations rebuild energy infrastructure damaged in the Iran war and to reduce their reliance on the Strait of Hormuz for energy supplies. Is this good for HAL? 👁️👁️

Halliburton said Friday it will not participate in the offshore Sea Lion oil project or any oil and gas exploration and production activities in or around the Falkland Islands. The company said Argentine federal authorities had raised concerns over its potential involvement, including the application of existing and proposed legislation governing activities in the disputed territory, which Argentina calls the Malvinas. The decision comes as President Javier Milei's government seeks to strengthen Argentina's claim over the islands. In September, Milei introduced legislation that would impose sanctions on companies operating in the Falklands, potentially increasing tensions with the U.K., which controls the islands while Argentina maintains its territorial claim. The Sea Lion field is located about 225 kilometers north of the Falkland Islands and is estimated to contain around 1.7 billion barrels of oil. $HAL

$HAL Daily: double bottom or distribution? The 30.3 line decides Structure: HAL topped at ~43.6 in May. Since then: lower highs (36.1 Jul, 37.9 Sep) and lows at ~30.3 (Aug) and ~30.7 (Sep), a double bottom. Price is under its 120-day average (36.47). Wyckoff view: the range fits a distribution top. The May climax, the June reaction, the August break below the June low (weakness) and a September rally that failed below 38. If ~30.3 breaks, that is the markdown signal. Supports below: 29.4, 27.0–27.6, 25.5, then ~22.7 (measured move). The case for a hold: a strong FullerOSOBSQZ bottom zone (31.60–30.67) printed at the lows. ARDO (regression momentum oscillator) made higher lows in Aug and Sep while price did not, and its fast line is back above the regression line. Its odds sit at HAL's normal for this phase, about 3 in 10. Watch: close above 33.2 for the hold; close below 30.3 for markdown. Earnings ~Oct 20. NFA

$HAL Bullish Counterattack Candlestick Pattern Bullish Counterattack is a two-candle bullish reversal pattern in a downtrend where a bearish candle is followed by a bullish candle that opens lower but closes near the previous candle’s close, indicating potential buying strength.

$HAL it's the #1 underperformer of the entire oil run, once we see any hesitation/weakness in oil, we can hunt it down --- probably as soon as today