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.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.