Halliburton holds $31.20 for the third time

Halliburton: ⬆️ Buy

– Halliburton reversed from key support level 31.20

– Likely to rise to resistance level 34.00

Halliburton recently reversed up from the support zone between the pivotal support level 31.20 (which has been reversing the price from July, stopping wave (1) at the start of August and wave 1 at the end of September), the lower weekly Bollinger Band and the 50% Fibonacci correction of the weekly upward impulse from April of 2025.

The upward reversal from this support zone started the active short-term correction inside the impulse wave 3 from the end of October.

Given the strength of the support level 31.20 and the weekly uptrend, Halliburton can be expected to rise further toward the next resistance level 34.00.