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SCHLUMBERGER DL-,01SCHLUMBERGER DL-,01SCHLUMBERGER DL-,01

SCHLUMBERGER DL-,01

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SCL trade ideas

$SLB Swing TradeSLB Swing Trade - Grade A Strategy Description • Solid earnings + Reaction • In a very strong sector (XLE) • Huge daily level with not much resistance until higher up Market Big Picture • SPX favors the upside until we break below 3638. • Energy plays tend to diverge from SPX, so this is a comfortable swing even if the market is dying and breaks below 3638. Intraday Fundamentals • SLB Earnings were rock solid and the stock was up 2.7% premarket + 8% on the day Long Term Technicals • SLB is approaching a massive daily level at 49.83 which if broken successfully with the earnings tailwind, can see 52.94, 59.25, 63.31 ⚒️ Instrument ⚒️ SLB 12/26/22 - 50C @ 3.3 🎯Targets: 52.94, 59.25, 63.31 🩸Stop: Close below 46.69 on the daily
NYSE:SLBLong
by KhalRohan
1
earnings watch 10/21earnings watch 10/21 SLB HCA RF INDB CPF AXP SMPL ALV VZ EEFT 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 tickerTracker - MFI Oscillator www.tradingview.com
NYSE:SLB
by Options360
Schlumberger Is Pulling BackOilfield-services provider Schlumberger has been grinding higher for weeks. Now amid a brief pullback, it could soon offer buyers a potential opportunity. The first pattern on today’s chart is the series of higher lows since mid-July. SLB hit resistance several times around $37.20 before breaking out on August 23. Traders may look for support to form near the top of that ascending triangle. Next, that potentially important level is near the 200-day simple moving average (SMA). Finally, MACD has been steadily rising. This may suggest that short-term momentum remains bullish. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:SLB
by TradeStation
SLB (Short) - Betting on demand destruction in oil marketsThe Overall Market The current market is extremely tricky, but it is possible to find a rational explanation for every move. I took a closer look at the oil market , which is clearly undergoing gradual demand destruction caused by the recession fears (like the recent economic news from China) Although I understand that the bigger-picture supply situation might lead to higher commodity prices in the future, demand destruction is likely to prevail in the next 3-6 months. My target range for oil is 60-70$ . The broader markets are also due for a correction after that massive run, which would give more momentum to my trade. Fundamentals With this view in mind, I started looking for a way to express this idea. I choose to be a little riskier, so I wanted to express the trade through a single stock short (but there are obviously many more ways to express this trade if you want to take less or more risk). Hence, I started looking for energy stocks which perform the worst on a relative scale . I arrived at SLB; a large-cap company ($50b), so don't expect too much volatility. Although the firm's fundamentals are pretty solid, its share price is not able to diverge from its strong correlation with the oil price. Technicals From a technical point of view, the stock gets 10/10. We saw a massive slump during June, which indicated the end of the prior trend . Since then, the stock has consolidated and returned to a very strong line of support/resistance (black line). I would suggest setting stop loss just above this line, on top of the previous high (red line). This gives a perfect risk/reward (R/R) ratio where you risk only 4% . The stock is also being approached from above by its 50 and 200 SMA. MACD is showing a bearish divergence while just turning at the 0 line. Daily RSI also nicely bounced around the 60 level and seems ready to head back to the bearish territory. If you switch to a weekly chart, you will see that the weekly RSI just broke down and looks like heading lower. I indicated two profit targets (green lines). One would give you R/R of 4:1, the other around 6:1. Happy trading.
NYSE:SLBShort
by jurajholik
1
$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.
NYSE:SLB
by optionsswing