Halliburton Co sees momentum return in the direction of the “Go” trend.
After a strong run since the beginning of the year, taking advantage of the strength in energy and oil prices, Halliburton Co saw some consolidation last week that sent GoNoGo Oscillator crashing to the zero line. It looks as though that level has held as support as it has before in this trend and now that the oscillator is back in positive territory we may well see price attempt to move higher again. Look for price to set a new higher high.
