SCL trade ideas
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.
Beautiful bounce for SLBnice bounce off longterm support, i can see this continue running with no issues until 35-40 resistance. maybe consider taking some profits then. blue skies for now baby! xD goodluck
$SLB with a slight bullish outlook following earnings release$SLB is projected with a slight bullish outlook after a negative under reaction following its earning release with the PEAD placing the stock in Drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Earnings spike: SLBThe volatile spike on earnings at a key retracement level on NYSE:SLB triggered a long setup to retest the high.
Long SLB Industrials were hit today while tech stocks have skyrocketed. This is an industrial stock that has been consistently trending upwards, and will likely continue to move upwards as money flows out of tech.
Thank you for visiting - always practice proper risk management!
SLB forming H&S targets and SL in the chartSLB stock forming H&S on daily targets and SL in the chart
Looking for a breakout back into channel for SLB First PT top of channel at 27
safe entry should be 25.20 if it reaches there with volume or retests as support
IRON CONDORHi guys!
New Iron condor, check my last trades, and get my script for free!
Enjoy your wallet!
Tari.
SCHLUMBERGER LIMITED PostHey guys, SCHLUMBERGER LIMITED is in a bullish push with a return of purchase volume made and a water-carrying doji. On the TIMEFRAME M1 we notice a water-carrying candle with a large volume of sales emitted, it goes towards its lowest. For a reservation of tendency this one is bearish and to turn around big possibility of breakout the price. Thereafter, remain the stabilization zone for the breakout and join the next one then land on the high point. Before a bearish breakout gap will then be filled in the test of the stabilization zone on a breakout of the zone to interfere on the top of the bullish channel.
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