Yesterday I added $HAL (+2,01%) to my Blue Chip Fibonacci Portfolio.
The stock is currently trading below the 50% Fibonacci retracement level, which is a great opportunity to initiate a long position.
Beyond the technical setup, I see Halliburton as an interesting business due to its leading position in oilfield services, global footprint, and its importance to the energy industry. While the sector can be cyclical and influenced by commodity prices, companies with strong market positions can benefit significantly when energy investment activity increases.
I'm looking forward to seeing how this position performs over the coming months and years.
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