Halliburton continues the upward movement within the uptrend. Since the middle of December, shares have raised by more than 50% amid the growing oil prices and intensive drilling of new wells by mining companies.
On the chart, “a shooting star” appeared: a reversal pattern. The RSI left down overbought confirming a signal for correction.
Sellers can try to close the gap at the level of 32.6. Then, a test against the uptrend’s line is probable but without a significant decline of oil quotes “bears” are unlikely to seize the initiative for a long time.