Halliburton: ⬆️ Buy
– Halliburton reversed from support area
– Likely to rise to resistance level 36.35
Halliburton previously reversed up from the support area between the support level 33.40 (low of the previous correction b) and the lower daily Bollinger Band.
The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Hammer – which started active impulse wave iii.
Given the predominant daily uptrend, Halliburton can be expected to rise to the next resistance level 36.35 (top of the previous impulse wave i).