set up to break outmay follow oil higher, bullish if SLB can breakout of this wedge, haven't considered potential future supply-demand change in oil
SCL trade ideas
Early Jump Into DowntrendShort but sharp downtrend may be forming; placing early (riskier) PUT option
SLB, double bottom model, road to $100- broken trendline in monthly chart, confirmed long term uptrend
- double bottom in both WEEKLY AND MONTHLY CHART
SLB has double bottom (W) model in weekly chart, it is going toW model, already reached bottom, SLB is now going to follow a long-term uptrend
within the Strong support areaif it breaks completely,
i'd sell this stock
it's for educational only.
Corrective PotentialOne of the dissed shares that may rise against the market as it may have found a bottom now.
Trying to close the windowAfter the hammer candle yesterday Schlumberger may try to test the upside to close thw window.
SLB - POTENTIAL BOTTOM08.05.17
Signal of a potential bottom from my dBFIr on DAILY chart
Awaiting confirmation
SCHLUMBERGER SETTING UP LONG ENTRYTrying to pick the exact bottom is a fool's errand. SLB entering an Accumulation Buy Zone between recent pivot lows. Low risk entry in this region if willing to hold.
Support for SLBIn my opinion, $77.50 is a critical support for #SLB. It will be my entry price if #SLB will hold and reverse at this price range.
$SLB bullish in more ways than one$SLB looks like an ascending triangle/inverted head and shoulders/channel up.
Recent candle is bullish engulfing bouncing off of 50 ma. Price currently above all moving averages.
