Halliburton Company is an American multinational corporation responsible for most of the world’s hydraulic fracturing operations. The company is one of the world’s largest oil field service companies. It has operations in more than 70 countries.
Halliburton stock is poised to rally in the following weeks. The stock is trying to reach a strong monthly imbalance at $23 per share. This oil and gas stock is trying to reach a strong imbalance. The expectations are quite bullish for this stock in the following months.
As supply and demand traders, we do not need to pay attention to fundamental analysis. Unless you are doing very short-term trading and scalping, you should not worry about fundamentals for stocks and ETFs.
Trading is just waiting for the right trigger points and scenarios to present themselves, this game has a name, and it’s called the waiting game. We must patiently wait for the correct scenarios and setups to happen and for the price to pull back or dip into the price levels we want to trade. These price levels are made of supply and demand imbalances in our case. You can use these imbalances to plan your trades in lower timeframes.
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