SCL trade ideas
Window of Opportunity in Oil Field Services - SLBOil field service stocks have not moved as much as other stocks in the energy sector (hydrocarbon exploration, natural gas producers, etc.). I believe more and more quant funds are going to exit their short positions in energy and that this will trigger a parabolic rise in all oil-related stocks. It's already happened in other stocks like Devon Energy, Cimarex, etc.
Buy $30 LEAPs.
Sell $40 LEAPs.
Remember, Wall Street is basically balls deep in the oil and energy trade. At least you are GUH'ing with them if you lose.
$SLB with a slight bullish outlook following earnings release$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
