Long position for SLB - simple plot via linear regression line - coincide with Fibonacci Retracement - making new high to the long position. As long as the price action stay within the gray area making new high and higher high with higher low, trend is up!
FB is more likely to get shorted more in upcoming weeks, with the downside to 170 region. Stop Loss looking at 270 for now. All the best and happy trading!
With the crude oil price climbing steadily, oil companies stocks keep moving up uptrend direction. XOM retest it's 7 years high price , with the Support price at 64. Go long for XOM ride as long as we can!
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