Tag Archives: Halcon Resources

Halcon Resources Corporation (HK) Long Day Trade

3 May

Yesterday, I added Halcon Resources Corporation (HK) to my watch list. I said I would initiate a trade of if the stock opened up today. I initiated the trade 15 minutes into the session.

I watched the first candle on the five minute chart which set a high of $5.89. I put in a buy stop at $5.90 and was filled about 15 minutes later and put in a stop loss at $5.67 below the second candle’s lowest price. I had mentioned resistance at $6 yesterday but that was handily broken early in the session. I raised my stop to $5.90 at break even and let the shares run once it broke above $6.

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