$SLB 14 short$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/N trade ideas
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
$SLB Buyers jump into SchlumbergerPossible entry on break out from channel @ $38 with $48 upside very achievable.
the bottom may be in at last for this sector, this week has seen very nice volume and advances even as Oil prices have dropped and many downgrades have issued.
Average analysts price target $42.53 | Overweight
Company profile
Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through the following business segments: Reservoir Characterization, Drilling, Production, Cameron and Elimination and other. The Reservoir Characterization Group segment consists of the principal technologies involved in finding and defining hydrocarbon resources. The Drilling Group segment includes the drilling and positioning of oil and gas wells such as bits and drilling tolls, drilling and measurement, land rigs and integrated drilling services. The Production Group segment provides technologies in the lifetime production of oil and gas reservoirs such as well services, completions, artificial lift, well intervention, water service, integrated production services and others. The Cameron Group segment consists of the pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities. The company was founded by Conrad Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston, TX.
$SLB The bottom may be in Schlumberger Possible entry level @ $33 with $39 target price at major resistance.
Chart has formed a bullish bottom and volume has had a considerable increase.
RSI bullish as is MACD cross with Histogram ticking higher & green.
Average analysts price target $42.57 | Overweight
Company profile
Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through the following business segments: Reservoir Characterization, Drilling, Production, Cameron and Elimination and other. The Reservoir Characterization Group segment consists of the principal technologies involved in finding and defining hydrocarbon resources. The Drilling Group segment includes the drilling and positioning of oil and gas wells such as bits and drilling tolls, drilling and measurement, land rigs and integrated drilling services. The Production Group segment provides technologies in the lifetime production of oil and gas reservoirs such as well services, completions, artificial lift, well intervention, water service, integrated production services and others. The Cameron Group segment consists of the pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities. The company was founded by Conrad Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston.
