Halliburton Company
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Halliburton Bottom

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Weekly candle chart....
Halliburton obviously has a large exposure to crude oil prices (see my publication "Crude Oil Bottom"), so a bottom in crude should correspond to a bottom in HAL.

The almost 7 year support line has held to date and provides an added element of safety.

HAL underwent a perfect fibonacci retracement. In this case the retracement was the "grand-daddy" 61.8% retrace, also know as the golden ratio.

Notice the weekly MACD, which is in the process of a bullish cross.

Although HAL has a relatively low dividend for the energy sector, the P/E looks very attractive; a buy from this level will likely yield a significant and rapid profit.

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