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thessia_
May 15, 2023 8:55 PM

SLB is breaking out of a head and shoulders pattern Short

Schlumberger N.V.NYSE

Description

In 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.
Comments
JuanpiSLD
Be careful ! , bullish divergence on RSI and MACD forming. Bullish pennant forming on weekly. Q2 2023 estimates surpass Q3 2022 results, not financial advise*.
JuanpiSLD
Uh oh……
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