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.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.