Halliburton is and oil & gas equipment company within S&P500 index, market cap at $18.32B. Lost 48.98% from this day a year ago. The price target for most banks and funds is around $32-$50. The company went lower than expected so now, buyers could start looking at a cheap entry for a long.
Technical side shows a nice downtrend line being tested. Could be the beginning of the inverse head and shoulders pattern, divergence already present. Looking at another test of the red zone and bounce, then buy at the low of the right shoulder on smaller time frame for best entry.
Good Luck!
Technical side shows a nice downtrend line being tested. Could be the beginning of the inverse head and shoulders pattern, divergence already present. Looking at another test of the red zone and bounce, then buy at the low of the right shoulder on smaller time frame for best entry.
Good Luck!