$SLB — ShortEnergy has been on an absolute tear lately but it can't rise to the sky.
It is very overbought according to the oscillators and RSI.
I also am eyeing that open gap which lines up right with the 0.50 fib channel retracement level.
SLBG34 trade ideas
Schlumberger earnings on 1/21 at 6:50amSchlumberger (SLB) Q4 December 2021 earnings are on 1/21 at 6:50am. Schlumberger N.V. (SLB) reported Q3 September 2021 earnings of $0.36 per share on revenue of $5.8 billion. Revenue grew 11.2% on a year-over-year basis. The setup was better a few days ago. If there's a pullback around $30, that's a fair level. Here's the price levels on the 1 day chart.
Q4 Consensus:
EPS = $0.39
Revenue = $6.12B
P/E = 28.54
Div /Yld = 1.503
52 week high = $36.87
52 week low = $21.23
SMA200 = $30.25
SMA150 = $30.63
SMA100 = $30.43
SMA50 = $31.18
breakout = $33.23
R3 = $32.34
R2 = $31.45
R1 = $30.56
pivot = $29.67
S1 = $28.78
S2 = $27.89
S3 = $27.00
breakdown = $26.11
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
SLB long idea looks like SLB is forming a beautiful pattern with good momentum behind it. I like how it has crossed and closed over the down trend, but the 38 is sitting just above. I would rather wait for it to base over the 38 then to take it now.
Not financial advice
Possibility for SLBAs we can see in the chart there is a big triangle formation that is developing and if broken to the upside we will most likely see SLB at the 40$ levels.
SLB Oil Double Top forming? The red line shows a lower high followed by a subsequent decline which is approaching the neckline of a double bottom formation.
If the neckline (dotted yellow) breaks then the theory goes that the decline should be equal to the distance between the peak and trough of the high and the neckline, as labelled on the chart by the profit target.
The decline could go on for a while but this price is closely tied to the price of oil so expect volatility, and in particular watch out for the earnings call - as a rule I do not want to be short during earnings call because the possible gap ups the next day can be devastating and take you way past your stop loss.
I'd enter my short at option 1 (diagonal neckline) or more conservatively option 2 across the horizontal break, and ideally only when the close is below the neckline, but its a matter of preference, some people prefer to trade the wick and short as soon as price crosses. I've been burned a fair few times on those false crosses so prefer to trade the close these days.
If the neckline doesn't break, well start looking for long entries...
Expecting a bounce from the support zonePrice reject from the suport zone, retracement stalled around fib area. Some bounce can be expected.
Long | SLBNYSE:SLB
Possible Scenario: LONG
Evidence: Price Action. fill the gap
TP1: 35$
TP2: 37.5$
Call options, Strike 35$, 01/21/2022
*This is my idea and could be wrong 100%
SLB under wyckoff accumulation schematic ?SLB under wyckoff accumulation schematic ? you can clearly see some of the phases it has went through. Now we will see if phase E happens
SLB Technical Analysis SLB could have possibly went through ABC correction and now has potential for the upside. Indicators looking good and also It has broke through the resistance trend line, however, it could possibly retest it. Watch out for $30 price break.
slb looks bullish? a laggard in the industry?slb looks bullish? a laggard in the industry? time for it to bounce back?
$SLB - Long technical setupImproving from oversold conditions.
MACD is improving, RSI is looking strong
Keep on Watchlist.Please note this is only an idea, invest at your own risk.
Currently sitting/fighting a key level of resistance/support at around 31/32.
I would like to see it form a good base and stabilize around this level.
If it surpasses next resistance of previous swing high, at around 34, then I would consider it a good entry point up until 40.
The opening of the economy and summer might have a positive influence on it, so expect moves around these key levels within the next few weeks.
Happy to get feedback on my idea.
Buy $SLB - NRPicks 09 AbrSchlumberger Limited supplies reservoir characterization, drilling, production and processing technology to the oil and gas industry worldwide. It operates in four divisions: Digital & Integration, Reservoir Performance, Well Construction and Production Systems.
The world's largest oilfield services company has shown a significant recovery during 2020 and exceeded estimates in each earnings report, so it is expected to exceed estimates again in its next report in 2 weeks.
- Market Cap $ 37B
- Revenue $ 23.6B
- EBITDA $ 4B
- TOTAL DEBT / EBITDA 3.18x
- P / S 1.55
- Dividend Yield 1.85%
$SLB with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $SLB after a Negative over reaction following its earnings release placing the stock in drift C
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
$SLB - like other oil stocksMany of the oil stocks along with XLE are popping.
Screeners are loving the energy (oil) sector.
This one will golden cross soon and has not yet run. I happen to know this company.
On the watch list for now. I do not want to chase. Too many oil stocks to choose from from which to enter. I will combine my screeners for which one to enter.
SLB Long Daily. Swing.Weekly is strong bull market. Daily just touched the 50 EMA and gapped up. Current candle is showing indecision. Good time to place your bets.
