Stock Technical indicators to notice in HALLIBURTON (HAL.MU)
1- Last bullish trend was from 25.07 $ (4/23/2012) to 26.39 $ (5/2/2012) a 1.32 $ move 2- The current bearish trend started from 26.39 $ at 5/2/2012 and is currently trading at 24.75 $.
4- HAL.MU current resistance level is at 25.07 which is the 100.00 % fibonacci retracement of the last 1.32 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
HALLIBURTON (HAL.MU) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 25.070 and 24.450,resistance between 26.390 and 26.020 which was broken down at 24.750 in higher than usual volume.
HALLIBURTON (HAL.MU) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 4.760 $ height triangle.
HALLIBURTON (HAL.MU) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
HALLIBURTON (HAL.MU) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 25.07, 25.14, 25.38, 25.44, 25.57, 25.57, 25.73, 25.76, 25.89, 26.08, 26.39,.
Stock Support levels : 24.71,.
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