11.03.2016 - On Halliburton’s chart is a double bottom

Halliburton's stock price has shown steady growth after reaching the level of 28.00. As a result of breaking through the level of 33.25, was completed the formation of a double bottom figure, indicating a trend reversal. Currently quotes are near the lower boundary of the local descending channel and is possible the rebound of prices up to 36.00 and in case of overcoming this mark, the growth may continue until 40.00. Our forecast for the medium term remains positive.

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