01.02.2016 - Correction of Halliburton shares may continue in the near future
The price of Halliburton has shown strong growth after the rebound from the level of 28.00 and has broken through the upper limit of the local descending channel and a local maximum at 30.50. In case of continued upward trend, quotations will reach the level of 34.00. On the other hand, it is more likely the soon resumption of negative dynamics and updating lows around 28.00. We expect the decline in prices in the medium term.