Halliburton (HAL) ready to jump after today’s plunging?

As energy stocks are not so active this week Halliburton (NYSE: HAL) plummets by over 8%. Perhaps, investors are losing their attention to oil and gas stocks, now they are waiting for WKHS and NIO to soar in October. HAL creates little buzz by losing small points while renewable energy providers are still surging slowly. Moreover, Oasis Petroleum isn’t going to give up on growth yet while its shares are very cheap.

Before shorting HAL one needs to know that any time demand for energy stocks may rise due to the emerging economy’s wants. Therefore that strategy should be implemented for a day only to avoid great risk.

Under the $8 line HAL will likely not dive by losing potential investors but today’s fall could be a trampoline to jump above $12 next week. Perhaps, August 10’s rise might be repeated again before 2021’s eve.