$SLB pennant consolidation within its high tight flag formation is still in making. on monthly, it has just barely traded beyond its breakout level of the inverse h&s pattern. textbook measured move is $53, another +37% away. ER Q4''21 (YoY)EPS 0.41 (+86%)Sales 6.22b (+13%)
Energy has been on an absolute tear lately but it can't rise to the sky. It is very overbought according to the oscillators and RSI. I also am eyeing that open gap which lines up right with the 0.50 fib channel retracement level.
The red line shows a lower high followed by a subsequent decline which is approaching the neckline of a double bottom formation. If the neckline (dotted yellow) breaks then the theory goes that the decline should be equal to the distance between the peak and trough of the high and the neckline, as labelled on the chart by the profit target. The decline could...
$AXP, $SAM, $HCA, $RF, $HON, $SLB All major averages finished last week in the green to post a third straight week of gains - Dow closing at an ATH - Big name earnings reports continue to drive markets $AXP - American Express - reported Q3 FY21' earnings of $2.27/share - beat estimates by 27.5%, bottom line increased 74.6% YoY - driven by growing revenues &...
NYSE:SLB Possible Scenario: LONG Evidence: Price Action. fill the gap TP1: 35$ TP2: 37.5$ Call options, Strike 35$, 01/21/2022 *This is my idea and could be wrong 100%
SLB could have possibly went through ABC correction and now has potential for the upside. Indicators looking good and also It has broke through the resistance trend line, however, it could possibly retest it. Watch out for $30 price break.
Entered a trade off the 50% Retracement for pre-earnings on SLB
Black Gold finally broke out from the 3 month cup handle pattern as mentioned last week! Although weekly chart was showing bearish, it was a bullish flag because the lows never broke. This week the momentum continues upward possibly in a big way. Extremely Bullish! Once it breaks 56.75, 59 will be the next target. XOM, SLB, NOV are yummy plays.
After almost 7 years of bearish price action, oil services will be essential in the transition to electric vehicles and clean energy. Most automakers are shooting for 2025 to have an entire EV fleet or mostly EV fleet. That's a 4-7 year runway for a bull run; assuming that it will take time to transition and for all automakers to be on the same page. Freight and...
Please note this is only an idea, invest at your own risk. Currently sitting/fighting a key level of resistance/support at around 31/32. I would like to see it form a good base and stabilize around this level. If it surpasses next resistance of previous swing high, at around 34, then I would consider it a good entry point up until 40. The opening of the...
This is an early development but, I believe that since GOLD is in a downward trend in the short term, a breakout will occur but then once it reaches to 1950s, then I expect a drop-down or a continued up. Just a theory. The RSI is in the normal territory, which does not signal it is a blow-off or a blowdown but check the coming days and then see if an up is made or...
The volatile spike on earnings at a key retracement level on NYSE:SLB triggered a long setup to retest the high.
Also own BP common and some OXY CALLS going out to 2/19/21.
SCHLUMBERGER, monthly timeframe: Mirror level + Harami + Side of Bollinger bands + Oversold + Divergence + Great discount
EARNINGS: There are four options highly liquid underlyings that pop up on my screener for next week with 30-day implied of >50%: UAL (23/88/22.6%)* (on Wednesday after market close); DAL (13/74/19.1%) (Tuesday before market open); SLV (18/59/16.4%) (Friday, before market open), and WBA (43/54/12.2%) (Thursday, before market open). Pictured here is a...
HAL (2H) / Bullish Elliott Wave Count