Tag Archives: resistance

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

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