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Halliburton HAL Potential Rise

Long
NYSE:HAL   Halliburton Company
  • Crude oil prices made a dramatic comeback from the April's 2020 low which supported the oil stocks significantly.

  • Crude oil has been trending higher since last April’s low. The higher the price climbs, the more the global industry will require oil services.

  • A continuation of higher petroleum prices should support gains in HAL.

  • HAL has violated the downward sloping channel's upper boundary in an indication of the bulls' control.

  • It seems that HAL is heading to $21.75 - $22. 40 respectively in a correction of the downward move witnessed through the declining channel.
Comment: The stocks hits $22.75!
Comment: Prices above the mentioned two targets.

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