24.05.2016 - Shares of Halliburton can correct down

Price of Halliburton continued growth within the local rising channel after fixed above the level of 38.50. In the near future we expect overcoming the local maximum near 42.00 that will be the basis for the continuation of the upward movement of price to 44.80 and 48.25. The breaking of the bottom of the channel and the level of 38.50, will be a signal to sell with targets at 33.25 and 30.50. We forecast the price drop in the near future.

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.