On 24 January, Halliburton published the report for the 4th quarter 2021. Profit and revenue turned to be above market expectations.
Equipment suppliers for oil production are confident with current prices for oil. For the first time since 2014, the company also has increased dividend, and significantly, by three times.
For the last two days, the price raised by 11%. The RSI reversed from the overbought zone down, hinting at the possibility of correction. The immediate target of the decline will be 29.2. If later the prices for oil remain high, a new wave of growth to the maximum of 2019 by 32.7 will be possible.