Technical analysis

Halliburton Wave Analysis 9 December, 2020

Halliburton Wave Analysis 9 December, 2020

• Halliburton rising inside accelerated impulse wave C

• Likely to reach resistance level 22.00

Halliburton continues to rise inside the accelerated upward impulse wave C – which belongs to the medium-term upward wave (B) from March.

The price earlier broke the key resistance level 18.00 – which strengthened the bullish pressure on Halliburton. 

Given the clear multi-month uptrend Halliburton is expected to rise further toward the next resistance level 22.00 (target price for the completion of the active impulse wave C, intersecting with the weekly up channel from March).

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