- 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.
הערה:
The stocks hits $22.75!
הערה:
Prices above the mentioned two targets.