Not confirmed abt 45+ long term but 40+ sure confirmed game. Let RSI move down lit bit more and touch yellow line. Then go long
POSSIBLE "ugly" double bottom might form. This would be getting in above the weekly high. I like the volume today. Hourly chart looks nice. Dividend stock. Buy low, sell high?
Added some calls here. Planing to sell in Aug
SLB and HAL 2 examples of top holdings. It's time for the down trend pressure to end for now. This is a slow moving sector and most all stocks in this space gaped lower after last earnings. Time to create a shopping list if dip buyers show up.
Looking like the dollar crossing the daily trend line is a failed rally. More down side to come in the very very near future.
200 SMA on the monthly, shall we? Buy low, sell high maybe?
EARNINGS The earnings on tap aren't looking very enticing to me, as I generally look at getting in on these where the implied volatility rank is >70% and the background implied volatility is >50%. However, they might be worth watching running into earnings to see if implied ramps up. KMI (implied volatility rank 79/implied volatility 30) announces earnings on...
Trying to pick the exact bottom is a fool's errand. SLB entering an Accumulation Buy Zone between recent pivot lows. Low risk entry in this region if willing to hold.
Trend line set up 2013-2015 continued to provide support in Oct2015 but at the start of this year has broken down. Looking to short a rally.
HP is a well-managed company that lost about 45% of its stock value during the once in a lifetime epic oil downturn. Its prospects look bright as the oil market starts to rebound. The charts also indicate it's about to spring up with a triangle pattern showing seller being edged out. Throw in a 4% dividend right now and it looks like you've got yourself a winner.
In my opinion, $77.50 is a critical support for #SLB. It will be my entry price if #SLB will hold and reverse at this price range.
I read this article > www.stockgumshoe.com and then, this is an idea, I'd like your point of view.
$SLB looks like an ascending triangle/inverted head and shoulders/channel up. Recent candle is bullish engulfing bouncing off of 50 ma. Price currently above all moving averages.
Will SLB break $81 and head higher? Or is it forming a top, only to be crushed by oil market once again?