Halliburton Bottom
Weekly candle chart....
Halliburton obviously has a large exposure to crude oil prices (see my publication "Crude Oil Bottom"), so a bottom in crude should correspond to a bottom in HAL.
The almost 7 year support line has held to date and provides an added element of safety.
HAL underwent a perfect fibonacci retracement. In this case the retracement was the "grand-daddy" 61.8% retrace, also know as the golden ratio.
Notice the weekly MACD, which is in the process of a bullish cross.
Although HAL has a relatively low dividend for the energy sector, the P/E looks very attractive; a buy from this level will likely yield a significant and rapid profit.
Halliburton obviously has a large exposure to crude oil prices (see my publication "Crude Oil Bottom"), so a bottom in crude should correspond to a bottom in HAL.
The almost 7 year support line has held to date and provides an added element of safety.
HAL underwent a perfect fibonacci retracement. In this case the retracement was the "grand-daddy" 61.8% retrace, also know as the golden ratio.
Notice the weekly MACD, which is in the process of a bullish cross.
Although HAL has a relatively low dividend for the energy sector, the P/E looks very attractive; a buy from this level will likely yield a significant and rapid profit.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.