HALLIBURTON LONG - CLEAR SUPPORT AT 30$ AND RSI OVERSOLD
Hi there
Halliburton Company (HAL) has shown a clear and strong support at 30.00 and could very well bounce right back up to 50.00 or even 55.00
The MACD, Parabolic SAR and the Williams market buttom finder are all indicating bullish momentum. Since this is a fairly long term trade it is necessary to look at the fundamentals aswell. With a PEG ratio of 0.63 and a recommendation rating of 1.8 (strong buy) this should be a pretty good trade in my opinion.
Halliburton Company (HAL) has shown a clear and strong support at 30.00 and could very well bounce right back up to 50.00 or even 55.00
The MACD, Parabolic SAR and the Williams market buttom finder are all indicating bullish momentum. Since this is a fairly long term trade it is necessary to look at the fundamentals aswell. With a PEG ratio of 0.63 and a recommendation rating of 1.8 (strong buy) this should be a pretty good trade in my opinion.