Earnings spike: SLBThe volatile spike on earnings at a key retracement level on NYSE:SLB triggered a long setup to retest the high.
SLB trade ideas
Long SLB Industrials were hit today while tech stocks have skyrocketed. This is an industrial stock that has been consistently trending upwards, and will likely continue to move upwards as money flows out of tech.
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SLB forming H&S targets and SL in the chartSLB stock forming H&S on daily targets and SL in the chart
Looking for a breakout back into channel for SLB First PT top of channel at 27
safe entry should be 25.20 if it reaches there with volume or retests as support
IRON CONDORHi guys!
New Iron condor, check my last trades, and get my script for free!
Enjoy your wallet!
Tari.
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
SLB rolling stone?LLLH
strong downtrend + got power down
first loop T1>T2 turned into T1<T2 the second loop
TP supposed to be fibo 1.618
very likely will go down to all time low
minimum TP @ previous low 11.79
TP 2 @ 0.94
SCHLUMBERGER Rare Investment Opportunity.SCHLUMBERGER, monthly timeframe: Mirror level + Harami + Side of Bollinger bands + Oversold + Divergence + Great discount
TARI CONDORHi guys!,
this is a nice Iron Condor, 3 weeks 10% , so shot legas are @17.5 and 21.5, probability 87% so RR is 0.15
1$ spread the payoff is :
Max profit 25
Max loss 75
RR real = 25/75= 0.33, more than the double than 0.15.
Enjoy your wallet!
Tari
The Technical Analysis says long the Fundamentals say runTrend is hard to read now.
Div 2.57%
Forward P/E 29.29
Debt/Eq 1.44 (High, not crisis level)
EPS this Y -576%
EPS Q/Q -801%
ROE -116%
SLBif SLB can retake this black support line that was broken in the march crash we should see a nice bounce up to around our 30$ fib target. When we start to see an uptrend here it should be able to hit the 30 within a month
Schlumberger UpdateThe price may try to retest up to the $23 area, but a failure to break above and hold support will be a bearish single.
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.
Schlumberger D1Schlumberger is the largest oilfield services company. Which is engaged in the search for gas and oil fields, drilling wells and servicing them in the process of production. Recent years have not been very successful for the company. But the price of their shares often depends on the cost of oil. The highest stock prices were at a time when oil quotes were also at the top. After 2014, this is the last top stock price, securities fell 85%. The fall was greatly affected by the pandemic and the fall in oil prices. But today it makes it possible to buy these shares at a very cheap price. You need to understand that quarantine restrictions are starting to be lifted around the world. This increases business activity and stimulates oil growth. There will always be a need for oil, which means that Schlumberger will always find work.
Schlumberger Breakout Ascending TriangleENtry : $18.5
CL : $17.75
TP1 : $30.98
TP2 : $41.19
Note : Trade at your own risk
SCHLUMBERGER $SLB Short SetupBeing in one of the industries being hit the hardest by this outbreak, I believe further downside movement is due after our triple top @18.5$, our rejection of the 100 MA coupled with the bearish divergence on the MACD may point us towards a retest of our local support range marked by the green box or even possibly creating new lower lows.
We can also notice a possible head & shoulders formation developing on the chart, which in my opinion will playing out due to the gap in price possibly creating further downside pressure. To be safe I would trade at the breakout of the neckline.
I expect the overall market to drop as we can see a bearish divergence on the S&P, which I had pointed out on my last $AIG trade setup.
I would keep a tight stop at either the top of the shoulder @17.3 and TP would be the range indicated by the green box. Cheers and good luck.
Feel free to share your thoughts!
