$SLB in a consolidation period$SLB has been consolidating since October 25, 2022 in this channel. MACD is about to turn over and sellers are cooling off. The volume is showing that a potential for a move will be ready to run soon. Profit targets are labeled in blue with entry and exit points. Longby GlennTrading1
Going long in Schlumberger SLBHello Traders Schlumberger SLB - NYSE. Broadening Wedges Ascending Trend : Upward. Formation : Broadening Wedges Formation (In Progress) Possibility : Bullish continuation Probability to hit tragedy: 69.00% Trade Plan. Long / Buy Trade. Entry Level above the red support line @ 46.17 Take Profit - Below the 4 hour support zone @ 61.50 Stop Loss at the support level red line @ 41.80 Trail Stop loss on support level as trade progresses. TP = Total PIPS in gain = 15.33 Profit 33.37% Total PIPS in Stop loss = 4.37 Loss 10.94% Regaards,Longby dilsnqamz0
Pullback in SchlumbergerSchlumberger broke out to new multiyear highs last month, and now it’s pulled back. The first pattern on today’s chart is the June peak of $49.83. Strong quarterly results drove the oilfield servicer through that level on October 21. Two retests occurred in November, but it held both times. Has old resistance become new support? Next, SLB is currently trying to form a bullish inside week. That could suggest prices are squeezing before a bigger move occurs. Third, stochastics are back near an oversold condition. Finally, energy remains the top-performing sector in 2022 as crude-oil inventories dwindle. That may keep investors engaged into yearend. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .by TradeStation11
10/30/22 SLBSchlumberger N.V. ( NYSE:SLB ) Sector: Industrial Services (Oilfield Services/Equipment) Market Capitalization: 71.538B Current Price: $50.45 Breakout price trigger: $52.50 Buy Zone (Top/Bottom Range): $51.00-$47.40 Price Target: $61.20-$62.40 Estimated Duration to Target: 56-60d Contract of Interest: $SLB 12/16/22 55c Trade price as of publish date: $1.63/contractLongby lord_catnip1
$SLB with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SLB after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 40%. Longby EPSMomentum112
SLB - New Era Rebranding - Long PositionLong position for SLB - simple plot via linear regression line - coincide with Fibonacci Retracement - making new high to the long position. As long as the price action stay within the gray area making new high and higher high with higher low, trend is up! Longby FizzyHad116
SLB break out from baseFinally SLB breaking out from base after more than two weeks about.Longby Silverbullet121Updated 1
$SLB Swing TradeSLB Swing Trade - Grade A Strategy Description • Solid earnings + Reaction • In a very strong sector (XLE) • Huge daily level with not much resistance until higher up Market Big Picture • SPX favors the upside until we break below 3638. • Energy plays tend to diverge from SPX, so this is a comfortable swing even if the market is dying and breaks below 3638. Intraday Fundamentals • SLB Earnings were rock solid and the stock was up 2.7% premarket + 8% on the day Long Term Technicals • SLB is approaching a massive daily level at 49.83 which if broken successfully with the earnings tailwind, can see 52.94, 59.25, 63.31 ⚒️ Instrument ⚒️ SLB 12/26/22 - 50C @ 3.3 🎯Targets: 52.94, 59.25, 63.31 🩸Stop: Close below 46.69 on the daily Longby KhalRohan110
SLB Currently Entering Short Zone on the weeklyRisk/Reward here is excellent, with stop loss and first PT as pictured. Currently scattering short orders across the red zone.Shortby MicDrop5110
earnings watch 10/21earnings watch 10/21 SLB HCA RF INDB CPF AXP SMPL ALV VZ EEFT Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.comby Options3601
SLB weekly indecision candleSLB weekly indecision candle pressure building nice and bearish volume exceeds bullish all the time. Had to take that one. Stop loss above local highs.Shortby MishaSuvorovUpdated 0
Schlumberger Is Pulling BackOilfield-services provider Schlumberger has been grinding higher for weeks. Now amid a brief pullback, it could soon offer buyers a potential opportunity. The first pattern on today’s chart is the series of higher lows since mid-July. SLB hit resistance several times around $37.20 before breaking out on August 23. Traders may look for support to form near the top of that ascending triangle. Next, that potentially important level is near the 200-day simple moving average (SMA). Finally, MACD has been steadily rising. This may suggest that short-term momentum remains bullish. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .by TradeStation14
SLB upOil supply will dwindle, Russia to inflict max pain on Europe to try for instability. Easy inverse H&S, looking for crude and oil stocks to post recovery in next 3-4 months. Best of luck trading. Longby Casey22224
$SLB with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SLB after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 44.44%. Longby EPSMomentum1
#SLB update $SLBSLB testing high of base, longer the base the stronger the breakout.Longby Silverbullet1210
SLB (Short) - Betting on demand destruction in oil marketsThe Overall Market The current market is extremely tricky, but it is possible to find a rational explanation for every move. I took a closer look at the oil market , which is clearly undergoing gradual demand destruction caused by the recession fears (like the recent economic news from China) Although I understand that the bigger-picture supply situation might lead to higher commodity prices in the future, demand destruction is likely to prevail in the next 3-6 months. My target range for oil is 60-70$ . The broader markets are also due for a correction after that massive run, which would give more momentum to my trade. Fundamentals With this view in mind, I started looking for a way to express this idea. I choose to be a little riskier, so I wanted to express the trade through a single stock short (but there are obviously many more ways to express this trade if you want to take less or more risk). Hence, I started looking for energy stocks which perform the worst on a relative scale . I arrived at SLB; a large-cap company ($50b), so don't expect too much volatility. Although the firm's fundamentals are pretty solid, its share price is not able to diverge from its strong correlation with the oil price. Technicals From a technical point of view, the stock gets 10/10. We saw a massive slump during June, which indicated the end of the prior trend . Since then, the stock has consolidated and returned to a very strong line of support/resistance (black line). I would suggest setting stop loss just above this line, on top of the previous high (red line). This gives a perfect risk/reward (R/R) ratio where you risk only 4% . The stock is also being approached from above by its 50 and 200 SMA. MACD is showing a bearish divergence while just turning at the 0 line. Daily RSI also nicely bounced around the 60 level and seems ready to head back to the bearish territory. If you switch to a weekly chart, you will see that the weekly RSI just broke down and looks like heading lower. I indicated two profit targets (green lines). One would give you R/R of 4:1, the other around 6:1. Happy trading. Shortby jurajholik110
#SLB Base and undercut formingObserving that #SLB is forming a base and with an undercut with quick recovery. Noted that similar happened before,Longby Silverbullet121111
slb 2 scenariosslb 2 scenarios .. 1]buy above the resistance 1 and 200ma .. 2] sell after the break under the support 1 and 50 ma .. by kostaskondilis1
SLBFamous Oil Field company is expected to increase in this upcoming month for a good gain after reversaing from a down trend. Fractal is only idication of wave movement not excact.by Hunter_IV0
Bullish cypher harmonic pattern SLBBullish cypher harmonic pattern SLB, lets see how it plays out. Longby JuanpiSLD1
SLB near trend line, bounce soon? SLB near trend line, bounce soon? Next earnings 22 July. NFA. Longby JuanpiSLD3
$DBX $LIT $AMD $SLB I OptionsSwing WatchlistDBX 1D I DBX is breaking out from a possible bull flag on the daily after rumors that it was approached a month ago in attempts to be acquired by another company. LIT 1D I Energy stocks and lithium stocks in general have been overperforming the market for the past two weeks. Watching for a breakout from this downtrend. AMD 1D I AMD is forming a possible bear flag on the daily time frame. We have resistance near $110 and support close to $106. AMD is breaking out from a downtrend. SLB 1D I SLB has been holding $46. Energy stocks keep on outperforming the market, and I've seen bullish trades on some energy stocks like SLB MRO among others.by optionsswing3
SLB Cycle Reset, Recovery Within ChannelAn idea for SLB that shows three areas in red, green, yellow (3,2,1 Respectively) We are currently experiencing a situation that is very similar to the area in red. A recovery back into the channel and further upwards is possible if this pattern continues to repeat itself. by Bixley554