SLB trade ideas
$SLB with a slight bullish outlook following earnings release$SLB is projected with a slight bullish outlook after a negative under reaction following its earning release with the PEAD placing the stock in Drift D
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SCHLUMBERGER LIMITED PostHey guys, SCHLUMBERGER LIMITED is in a bullish push with a return of purchase volume made and a water-carrying doji. On the TIMEFRAME M1 we notice a water-carrying candle with a large volume of sales emitted, it goes towards its lowest. For a reservation of tendency this one is bearish and to turn around big possibility of breakout the price. Thereafter, remain the stabilization zone for the breakout and join the next one then land on the high point. Before a bearish breakout gap will then be filled in the test of the stabilization zone on a breakout of the zone to interfere on the top of the bullish channel.
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Bullish Gartley PatternLong entry 15.15
Possible stop below 13.68
The Gartley pattern, one of the most traded harmonic patterns, is a retracement and continuation pattern that occurs when a trend temporarily reverses direction before continuing on its original course. ... It uses Fibonacci levels and has a bullish and bearish version.
Just an observation
Schlumberger Layoff 20,000If the price does not break past previous highs, it will go down.This is bear flag pattern forming, now add in the fundamentals of a twenty thousand scheduled lay off and you get a new price discovery. I would set my buy orders around five below $5.00
This is not trading advice, and i am not legally able to give anyone financial advice as I am not licensed. I will never tell you what to do with your money, or how to trade. this is only my opinions, and my trade ideas for my personal growth.
$SLB Schlumberger Ltd Bullish targets Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through the following business segments: Reservoir Characterization, Drilling, Production, Cameron and Elimination and other. The Reservoir Characterization Group segment consists of the principal technologies involved in finding and defining hydrocarbon resources. The Drilling Group segment includes the drilling and positioning of oil and gas wells such as bits and drilling tolls, drilling and measurement, land rigs and integrated drilling services. The Production Group segment provides technologies in the lifetime production of oil and gas reservoirs such as well services, completions, artificial lift, well intervention, water service, integrated production services and others. The Cameron Group segment consists of the pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities. The company was founded by Conrad Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston, TX.