18.11.2014 - Halliburton may continue to decline after consolidation
Halliburton's stock price after the strong decline and reaching the level of 48,00 continues to consolidate in the corridor 48,00-56,40. Currently quotations approached to the lower limit of the corridor, which can lead to upward rebound. The growth of quotations above resistance 56.40 is unlikely. In case of consolidation quotes below 48.00, we expect the price cut to 43.80 and 38.10. In the medium term, the price probably will decline.