SLB trade ideas
$DBX $LIT $AMD $SLB I OptionsSwing WatchlistDBX 1D I DBX is breaking out from a possible bull flag on the daily after rumors that it was approached a month ago in attempts to be acquired by another company.
LIT 1D I Energy stocks and lithium stocks in general have been overperforming the market for the past two weeks. Watching for a breakout from this downtrend.
AMD 1D I AMD is forming a possible bear flag on the daily time frame. We have resistance near $110 and support close to $106. AMD is breaking out from a downtrend.
SLB 1D I SLB has been holding $46. Energy stocks keep on outperforming the market, and I've seen bullish trades on some energy stocks like SLB MRO among others.
SLB Cycle Reset, Recovery Within ChannelAn idea for SLB that shows three areas in red, green, yellow (3,2,1 Respectively)
We are currently experiencing a situation that is very similar to the area in red.
A recovery back into the channel and further upwards is possible if this pattern continues to repeat itself.
Go 9. Ok 10 if you want 1$ is not that importantRegarding the move, like how i see the brent going back between 35$ and 25$ this stock should follow the huge drawdown
Is SLB ready for another run up? Is SLB ready for another run-up? RSI is near resistance and if it breaks through I can definitely see another leg up for SLB to go past the 50$ level. Next Earnings are being reported on Friday 22th and most analysts have a positive rating on SLB. Good luck trading! NFA
Triangle breakoutNice breakout last week.
Waiting for Friday's highs to be taken out and continue to push higher towards top of the triangle.
Schlumberger Holds the 50-day SMAEnergy stocks remain the leading sector in 2022. Today we’re considering another pullback in a major name: oil-field servicer Schlumberger.
Like Exxon Mobil yesterday, SLB has retreated from a multiyear high to hold its 50-day simple moving average (SMA).
SLB also made a slightly higher low this week versus earlier in the month. (Notice the trendline starting in late January.)
Finally, both of the prior lows occurred near earlier highs. The January 24 low matched the peak from late October. The March 1 bottom corresponded to last June’s high. Both times, SLB turned old resistance into new support. That also suggests bulls have taken charge.
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exposure to higher oil prices..!Entry: the opening price
Stop loss: closing below 36.6
Reward/Risk:
Target range: 48-50
Time Frame: 4-12wks
Possible gain: 25-30%
Possible loss: 5-7%
Position size: 5 % of trading capital
You can see the most important support(green line) and resistance (red line) levels.
Best,
Dr. Moshkelgosha M.D
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US Stock In Play: $SLB$SLB pennant consolidation within its high tight flag formation is still in making. on monthly, it has just barely traded beyond its breakout level of the inverse h&s pattern. textbook measured move is $53, another +37% away. ER Q4''21 (YoY)EPS 0.41 (+86%)Sales 6.22b (+13%)
SLB in between important support and resistance zonesSLB currently trading in between support and resistance zones. If we have a strong breakout of the $41 area we will most likely see further rally ahead. N.F.A
SLB - daily / weekly breakotThis chart has a daily flag breakout and a baby pennant breakout within (double whammy?) It looks like it may continue up. They also do cool stuff like autonomous drilling. Seems cool to me
Taking profits!The stock has had a great run since December but is bumping again resistance (for the time being)! I think it is time to take some profit ! Just my opinion :) However if price can clearly break above that resistance then there should be much more potential over the next few months !
NYSE: SLB can this stock reach 64 by end of 2022?With the recent good quarter results announcement , we are seeing new buying interest with price increase gradually.
Can SLB reach to 44 then 51 then 64 soon!
Let's see - Long for SLB
$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.
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 = $26.11
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
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Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
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SLB long idea looks like SLB is forming a beautiful pattern with good momentum behind it. I like how it has crossed and closed over the down trend, but the 38 is sitting just above. I would rather wait for it to base over the 38 then to take it now.
Not financial advice
Possibility for SLBAs we can see in the chart there is a big triangle formation that is developing and if broken to the upside we will most likely see SLB at the 40$ 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
