Schlumberger Breakout Ascending TriangleENtry : $18.5
CL : $17.75
TP1 : $30.98
TP2 : $41.19
Note : Trade at your own risk
SCL trade ideas
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!
SLB Looking To Get LONG This Name On This Pullback LT Hold OnlyLooking to get long this name on this mornings pullback - this name could drop a bit more but it is a LONG TERM hold only - not a day trade - do your own DD
$SLB 14 short$SLB and oil have taken a shit lately and it doens't look any good in the near term. i think we see $14 this week.
SLB Ascending broadening wedgeHorrible performance in Q1 that is also expected to get even worse in Q2.
Dividends were cut by 75% yet the stock kept going up day after day as traders speculate the WH might come up with some sort of policy to give a face lift to some E&P operators and raise oil prices.
WTI May futures trades below 0 and JUNE futures below $20 but still SLB went up 10%????
Whatever the WH does and whatever the Fed does like buying junk bonds ETFs, service companies like SLB & HAL have WAY less JOBS to perform during this pandemic. This is probably going to send the stock to $10 soon whenever the speculation about WH action fades away.
Major operators with good balance sheets might survive but service companies won't be able to generate CASH FLOW without ACTUAL jobs.
Good luck!
schlumberger technically this is a good trade for a quick buck. median value is 26 its currently traded at 14. down side 10%
upside 80/100%. market is trying to stablize and find bottom so we can see price go up fairly quickly due to increased volatility.
Double bangerDouble fist returns here. You may find an entry lower then 28, but bag this up now.
Descending broadening wedge.
3-5% pull back then higher but.We have a rot in market IWM XLF IYT
320 then new high going into Nov IMHO I am short IWM ,long SPY NUGT
Long Idea - Weak performer12/Jan/2020 04:27 PM AUTHOR: Brandon Gum
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Really no reason to take this trade as ER is next week. Additionally buying a very weak sector. so to go long here you are betting on a monthly time-frame out performance
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$slb Schlumberger Ltd trade setup.Entry level $41.50 =- Target price $48.00 = Stop loss $40.00
Bullish channel break.
RSI has room to run.
Bullish rise in Moving averages, possible golden cross approaching.
Strong momentum and strong change in sentiment due to unrest in the Middle East.
beautiful winVery nice win here on this one. over 100% gainer so far 40.00 Final PT but take profits as you go
Energy names interesting$SLB $HAL $XOP $OXY $XLE all very interesting setups. Big moves coming, possibly news or buyouts
SLB(W) AB=CD Crab ED DB RSI(+)SLB(W) AB=CD Crab ED DB RSI(+)
ED Ending Diagonal
DB Double Bottom
Recovery post 2009 Lows
Double bottom possible Another energy name with a possible double bottom on weekly, needs to break but a good r/r for calls
Long SLB Short VLO Nice pair trade based on RRCompleting 5 down with nice bullish divergence on 2H 4h
