SLB ShortThis trade has a pattern on M15 and is with the trend, there is a lot of resistance for this short and the stop loss should be above 60.5. There are multiple tops on M15 and M30 with divergence. Shortby JD_TeenTraderPublished 1
SLB - 2nd Breakout AttemptEntry Price: $61.41 Stop Loss: $58.43 Exit Goal: $65.89 Risk per trade: $2.98 Longby wtecharutUpdated 1
Rising WedgeRising Wedges are Bearish but are not valid until the bottom line is clearly broken. A level of support will usually catch price if it/when breaks down. Both lines slope up and narrow at the apex. Sometimes price will break up from a Rising Wedge, but eventually price will break the bottom line. It can be a long time in some cases. A Rising wedge represents a supply overload within the wedge. No recommendationby lauraleaPublished 1
Is Schlumberger Done Slumbering?Schlumberger surged early last month. Now, after a period of consolidation, it may be ready to continue upward. The first pattern on today’s chart is the high-volume rally July 7-11. (This was part of a broad move across the energy sector as crude oil came off its lows.) SLB broke its early-March peak around $56, followed by successful retests under that level on July 21 and August 23. Old resistance could have morphed into new support. Second, notice how the more recent probe resulted in a bullish outside day. That may suggest the presence of lurking buyers. Third, the 50-day simple moving average (SMA) recently had a “golden cross” above the 200-day SMA. The shorter-term 8-day exponential moving average (EMA) is also above the 21-day EMA. Finally, the oil-service stock ended last week bouncing slightly above $56. It then proceeded to challenge a short-term falling trendline that’s taken shape since July 11. Is a breakout starting? 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. 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 TradeStationPublished 16
SLB: Ascending Triangle, Not Confirmed (48.31%)(16/1000)(16/1000) Ascending Triangle for SLB. NOT Confirmed. Possible 48,31% gains. Pros: 1- Bullish Ascending triangle 2- Descending volume during formation 3- PPS above 50MA and 200MA 4- R/R ratio above 5 5- 250RSI above 50 and ascending 6- 50MA above 200MA 7- 50MA and 200MA ascending. 8- RS above 0 and ascending Cons: 1- ATR flat, less volatile 2- Pattern not confirmed 3- No break out yet Target price is 88.14$. Again, stay humble, have fun, make money! MAAX!Longby LeLafPublished 1
$SLB with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:SLB after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.Longby EPSMomentumPublished 1
SCHLUMBERGER Monthly Technical AnalysisSLB monthly - EDUCATIONAL only - Support, Resistance, Confluence, Fibonacci, Pitchfork - PRICE in a STRONG RESISTANCE area by BahamasXUpdated 998
SLB is breaking out of a head and shoulders patternIn this chart I point to main chart pattern in the SLB prices at this moment, that is the head and shoulders. Not only that, but the prices are doing a breakout of this pattern, that I indicate step-by-step at the purple text in the chart. I am also trying to take some advantage of this movement, and so I bought a very short term put option to try catch some profit from an eventual falling in prices. The put information is in the gray text in the chart.Shortby thessia_Published 223
$SLB with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NYSE:SLB after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 40%.Shortby EPSMomentumPublished 1
SLB Shortwe can see cross-two MA for this underlying. This makes my idea to short it if it could not break above the moving averages. Personally, I think SLB can start turn into a downtrendShortby orkhanrustamovUpdated 221
Ugly reversalTop chat in the weekly time, bottom chart in the daily timeframe,. Looks that price is heading to the $47 support level. It may drop to the bottom of the channel but the energy sector still strong. I take profit at 47, then I'll see.Shortby ArturoLUpdated 663
SHORT SLB - (ascending triangle+waveC)Last weeks SLB has significant growth, time to cool down. There is huge year ascending triangle with fake breakthrough, elliot waves show correction phase abc. Use 50% entry at half of wave 5 = 57.25, add another 50% at 59. Shortby dilp79Updated 0
$SLB : outperforming stock in strong sectorSLB consolidating inside an ascending triangle with possible breakout to ATH (all time high) levels above $56 Shrinking Volumes with price in consolidation showing base formation for breakout to higher levels SLB is an outperforming stock in a strong sector $SPNLongby PurvishdiwanjiUpdated 10105
$SLB with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $SLB after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%. Shortby EPSMomentumPublished 0
SLB D1 –rejection from W1 supply, and from TLSLB D1 –rejection from W1 supply, and from TL. Earnings are coming up.SLB D1 –rejection from W1 supply, and from TL. Earnings are coming up.Shortby Uncertain_OutcomePublished 1
Bullish inverted head and shoulders pattern SLB Bullish inverted head and shoulders pattern for SLB , lets see how it plays out.Longby JuanpiSLDUpdated 223
SLB BreakoutNYSE:SLB closed above the area of value yesterday, it opened above this level. Yesterday's volume was above average. Note that it's CPI day today, anything is possible. Longby Trend_Trader_JSEPublished 0
$SLB VCP$SLB setting up a 6 wk - 16.4/3.4 - 3T VCP pattern. Its industry RS is currently #1 Composite and RS rating >90 Falls under the criteria of @markminervini's Code 33 screen: 3 straight quarters of accelerating earnings, sales and margins.Longby ptcll96108Published 111
Variety/Targets BelowA variety of patterns. Possible Bull Flag, possible cup and a large Rising Wedge that encompasses the trend on the recent chart. The rising wedge (bearish if broken) is not valid as the bottom trendline has not been broken and has acted as a support line. Price can break up from a wedge even if it is usually a short lived move. The flag has broken the top trendline but did not do so with a "bang". Targets if the wedge loses this battle are 57.12, 61.7. Targets 2 are 64.9 and 69. Most of oil is in a rising wedge or is sitting over a wedge so rising wedges are common in this industry right now. Yet they continue to rise and the bottom trendlines remain in tact for most. There will be a reckoning at some point though. )o: No recommendation by lauraleaPublished 111
$SLB Stage 2 base$SLB bear market? what bear market? Stage 2 base with 98 relative strength.Longby TaPlotPublished 441
$SLB in a consolidation period$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 GlennTradingPublished 1
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 dilsnqamzPublished 0
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 TradeStationPublished 11