jangseohee

Schlumberger doesn't slump cont'd

NYSE:SLB   SCHLUMBERGER LTD
75 1 2
On a daily chart , the price is flowing down in the smooth thin downtrend channel . And it seems to have found
support temporarily. Besides, the distribution volume at the blue channel top seems to have been offset by the accumulation volume!

If there is another leg of sell-off which i label-Path 1, the next potential target price could be about 75 depending on how price movement develops.
If the price finally break out of this downtrend channel , then path 2 would be different story.

Look out for the RSI downtrend line!
big picture
snapshot
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out