Last time we looked at Halliburton (HAL), we discussed the negative reversal signal, which suggested another dip that might break the March low. Halliburton (HAL) Daily Chart 4/14(click to enlarge)Downswing:- It turned out that so far this week, there was indeed a downswing against last weeks rally. - Looking at the daily chart, we should probably anticipate this swing to break the March low. The pattern of lower highs and lower lows has not broken yet.Support:- If price breaks that March low, we should start anticipating support in the 46.60-46.90 area. The average of this small range would be 46.75.- If we find price stall around 46.75 while the daily RSI shows us a bullish divergence, we might want to anticipate a bullish swing.- A conservative outlook for this bullish swing would be a test of the 51 area. - A slightly more aggressive target could be back to the 52-52.50 area. - At this point, we should limit any bullish outlook to the 53.50 area, which would be the support area of the price top made in February.