CoopsCharting
Long

Halliburton Bottom

NYSE:HAL   HALLIBURTON COMPANY
154 0 1
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.
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