[divider]

Last Update: 3.14.14

[divider]

Related Article

2.11.14 “$HAL Rocket Launcher”

[divider]

2.10.14 Monday

[divider]

[9:27am CST] Entered Calls @ $51.71

We have been watching this setup since it started to climb back up several days ago seeing that the bullish divergences were forming.  I didn’t wanted to rush before I get into a trade because of that $51.30ish resistance level.  Once we got the confirmation, I was ready to be involved with some intraday pull-back action.  We keep the gap open and stay above this recent pivot level, I do think we will see higher prices.

[divider]

2.11.14 Tuesday

[divider]

Well, definitely launched up today and volume is in very healthy state right now at the close.  We might shoot up again tomorrow but I personally think it would be healthy to consolidate for about 2-4 days before continuing higher.  See my related article for the possible targets. Still holding full positions.

[divider]

2.13.14 Thursday

[divider]

If you read my previous update, I was looking for that short-term consolidation (pull back) for about 2-4 days, and that might be what’s happen here last few days.  To me, it does look like a bull flag pattern which is a bullish continuation pattern.  Still holding full positions.

[divider]

2.18.14 Tuesday

[divider]

Well, after 3 days of rest, we finally moving along here with a bull pennant subtle breakout with subtle volume spike.  $56-$57 is going to be strong resistance, and I assume, we may able to get there this week.  Still holding full positions.

[divider]

2.20.14 Thursday

[divider]

I think general market being bullish today really helped it’s move.  However, we are getting close to that $56.50ish resistance line, and this move has been pretty parabolic so I am really interested to see how it’s going to react to that tomorrow and early next week.  To be honest, these kind of fast moves makes me nervous because it can also move fast to the opposite direction so I will be watching closely next few sessions.  Still holding full positions since $51.71 (2/10).

[divider]

2.21.14 Friday

[divider]

[9:26am CST] Closed 65% Positions @ 55.84

Stock closed @ $55.30

I am still thinking more upside looking at the longer term, but for near term, I do think a pullback might be in-stored next week, and I would actually welcome it for higher move (obviously, this thing isn’t going to go straight up).  So here is how I see it, either this thing tanks straight down or it finds support (after a pullback) to create higher low.  I guess I will find out.  Holding the remaining positions over the weekend.

[divider]

2.24.14 Monday

[divider]

I am still holding 35% of my remaining call positions as we are trying very hard to get above this resistance level.  I think we are going to get a pullback sometime this week unless if we can close well above this level of resistance and consolidate for like a week or so.  I guess will find out.

[divider]

2.27.14 Thursday

[divider]

Looks like we might be forming a bull flag right here above daily 10EMA.  I am still holding 35% of my remaining call positions (closed 65% of my positions at $55.85 – check 2/21 update) since $51.71 (2/10).  We need to close above $57ish for higher prices.

[divider]

2.28.14 Friday

[divider]

[12:27pm CST] Closed 1/2 Remaining Positions @ $57.37

Stock actually retraced a bit closing at $57.00 so I guess it was a good idea to close it out during the afternoon today.  Now I am holding just very marginal call positions.  I did tightened my stop on my remaining positions so at this point, I really don’t care which way it moves. Very happy with the gain.

[divider]

3.6.14 Thursday

[divider]

So now I am still holding marginal positions as I have been scaled it down a lot (see previous update).  I do think we are retesting that ‘old resistance as new support’ (see arrows) and at the same time, forming bull pennant (last 4 days) pattern which will be confirmed once it closes above $57.30ish.  I think we can possibly grind higher to $59ish if the market continues to grind higher but I do think some bigger pullback is coming sooner or later.

[divider]

3.12.14 Wednesday

[divider]

I am only holding marginal call positions now (since 2/10) as I have been scaling it down heavily (see previous updates). As you can see, daily 20EMA can be critical moving average to follow looking at longer term chart here.  If we can take out $57.40ish resistance, I think we can continue higher.

[divider]

3.14.14 Friday

[divider]

[10:28am CST] Rest Positions Closed @ $55.15

Very satisfied with gain on this trade.  It’s still holding up very well, and could continue higher once the general market picks back up but if not, could deteriorate next week.  I am not done with $HAL for now.