JonasBuusJ
Long

HALLIBURTON LONG - CLEAR SUPPORT AT 30$ AND RSI OVERSOLD

NYSE:HAL   HALLIBURTON CO
Hi there
Halliburton Company ( HAL ) has shown a clear and strong support at 30.00 and could very well bounce right back up to 50.00 or even 55.00
The MACD , Parabolic SAR and the Williams market buttom finder are all indicating bullish momentum. Since this is a fairly long term trade it is necessary to look at the fundamentals aswell. With a PEG ratio of 0.63 and a recommendation rating of 1.8 (strong buy) this should be a pretty good trade in my opinion.
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