Schlumberger Key Battle, Breakout or Breakdown???On the Hourly chart SLB is in a short term bull trend (White Diagonal Line), meeting the long term downtrend resistance (Red Diagonal Line). Although WTI seems to be on an uptrend, it does not look like it may have a positive correlation for price for SLB in terms of a swing trade. Beatish Sentiment: The RSI has shown oversold and the SMII is down trending, which points to a most probable scenario of a breakdown in the short term swing trade. Should price breakdown below the diagonal white line and below the 100 EMA, an opportunity to enter a short is on the table. The red horizontal lines are support/resistance for price should there be a breakdown. Bullish Sentiment: If the price makes a clear break above the long term diagonal red line, then this could be an opportunity to enter a long trade on the breakout. Eyes will be on SLB for the next 2 days, to see which direction it will take. Happy Trading :0) This is not advice to buy or sell, it is only meant for educational perspective. by lbustos1Updated 1
90% chance of breaking the top - German Oil StockHave been waiting for it to break the low. Very bullish abc regular flat pattern.Longby JibasJr222
Where will Energy bottom? part 2Another midpoint here suggesting at least an intermittent bounce in energy coming up. Looking for Schlumberger, a good proxy for oil, to bounce off 27.30 zone... will it hit this zone at the same time my previous heating oil chart bottoms?Longby CryptoBanker2
SLB Inverse H&S BreakoutInverse H&S pattern for SLB broke out at $62.13. Neckline is pretty slanted, so conservative target $66.11, ambitious target of $71.23Longby JGesselUpdated 0
SCHLUMBERGER LOOKING BULLISH ON D1* Some indicators are bullish. *Target is Kijun-Sen (blue line) area and fibonacci ret. 0,618 for this week.Longby aabbaaUpdated 2
SLB shortWait for price to rally to 76.54 confirm IV 1/2 buy 80/70 bear put spread with 100+ DTE Exit at target Shortby baderocks22
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 oilLongby trading4121
Thoughts on SLBWait for the market to reverse, then hope that big investing is left to ride it upby RandyEngalla1
Early Jump Into DowntrendShort but sharp downtrend may be forming; placing early (riskier) PUT optionShortby Kareim2
SLB, double bottom model, road to $100- broken trendline in monthly chart, confirmed long term uptrend - double bottom in both WEEKLY AND MONTHLY CHARTLongby ndacthe114
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 uptrendLongby ndacthe1
within the Strong support areaif it breaks completely, i'd sell this stock it's for educational only.by KLYP_Investment2
Corrective PotentialOne of the dissed shares that may rise against the market as it may have found a bottom now.Longby motleifaulUpdated 115
$SLB - ReversalWeekly support. Beginning to make higher highs and higher lows on day chart.Longby kdubbw121
Trying to close the windowAfter the hammer candle yesterday Schlumberger may try to test the upside to close thw window.Longby motleifaulUpdated 6