jangseohee

Schlumberger doesn't slump?

NYSE:SLB   SCHLUMBERGER N.V
59 1 1
Moving averages was left out to avoid complication of analysis.
Schlumberger             is in a decade-term uptrend channel since 1988. Ever since the top at 110 in July 2008, the price has been in consolidation triangle form until Sept 2013 when price broke out convincingly.

However, the historical price of 110 was too much of a resistance, after a false broke up, June-July 2014 gave a dark cloud which resulted in 3 consecutive selling month.

It remains to be seen whether when Oct is completed, RSI uptrend line would be able to provide the support (Blue region), in case support is strong and uptrend continues, major upside resistance is still between 110-116
If support isn't strong, and price closed below the trend line , then ultimately the price might drop to 74, which i will have to use daily to assess the congruency with separate post.



EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out