Expecting a bounce from the support zonePrice reject from the suport zone, retracement stalled around fib area. Some bounce can be expected.
SLB/N trade ideas
Long | SLBNYSE: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 under wyckoff accumulation schematic ?SLB under wyckoff accumulation schematic ? you can clearly see some of the phases it has went through. Now we will see if phase E happens
SLB Technical Analysis 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.
slb looks bullish? a laggard in the industry?slb looks bullish? a laggard in the industry? time for it to bounce back?
$SLB - Long technical setupImproving from oversold conditions.
MACD is improving, RSI is looking strong
Keep on Watchlist.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 economy and summer might have a positive influence on it, so expect moves around these key levels within the next few weeks.
Happy to get feedback on my idea.
Buy $SLB - NRPicks 09 AbrSchlumberger Limited supplies reservoir characterization, drilling, production and processing technology to the oil and gas industry worldwide. It operates in four divisions: Digital & Integration, Reservoir Performance, Well Construction and Production Systems.
The world's largest oilfield services company has shown a significant recovery during 2020 and exceeded estimates in each earnings report, so it is expected to exceed estimates again in its next report in 2 weeks.
- Market Cap $ 37B
- Revenue $ 23.6B
- EBITDA $ 4B
- TOTAL DEBT / EBITDA 3.18x
- P / S 1.55
- Dividend Yield 1.85%
$SLB with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $SLB after a Negative over reaction following its earnings release placing the stock in drift C
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$SLB - like other oil stocksMany of the oil stocks along with XLE are popping.
Screeners are loving the energy (oil) sector.
This one will golden cross soon and has not yet run. I happen to know this company.
On the watch list for now. I do not want to chase. Too many oil stocks to choose from from which to enter. I will combine my screeners for which one to enter.
SLB Long Daily. Swing.Weekly is strong bull market. Daily just touched the 50 EMA and gapped up. Current candle is showing indecision. Good time to place your bets.
SLB > BuySLB > Buy
> On this price break Phase C LPS Wyckoff accumulation.
> Stocks change the slope of the price frame. Run up top!
> Buy follows a trend on this price.
> Risk/Reward Ratio: 4.02
SLB: Short term retracement is possibleSuggested entry: 28.42
Make sure to set SL & TP level. Do not hold trade.
You may PM me for more detail, i will reply as soon as i am free.
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.
