Tag Archives: HK

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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Halcon Resources Corporation (HK) – Added to watchlist

2 May

Halcon Resources Corporation’s stock took a massive tumble today falling more than 10% intraday. Must have been some bad news.

But, I like the way the day ended with a long wick candle near resistance area. This stock is clearly on a downtrend since it hit it’s high in Feb 9, 2012. But, I’m looking for a nice bounce off resistance.

If the stock opens up early tomorrow, I may go long 500 shares with a stop below today’s closing price. Price target of $6 which is new resistance.

Here is Halcon Resource Corporation’s stock chart today:

Halcon Resources Corporation Stock Chart - May 02, 2013