SLB 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 $SPN
It is critical to analyze indices when choosing stocks ! SPN (Energy sector of S & P ) outperformed SPX since start of new year . While SPX is officially in bear market , SPN gained above 30 % so far and was above 60 % at it's latest major high !. SPX bounced back last week raising hopes for bulls however, I think it is just a bear market rally and worst may...
Legendary investor Warren Buffet is pouring billions of dollars into Occidental Petroleum Corporation ! when it rejected heavily from strong and valid down trend line ! why ? Please note Buffett is a long term investor not a trader !. US market has been in a Bull run in large time frames (Yearly or Monthly) since 1932 therefore, any long term investor who...
Due to the Elliott waves, we have reached the end of the ABC wave and the supply area, and we expect a deep correction up to the demand range.
Hi Great followers, smart traders and brilliant investors ! SPX was down since start of 2022 and so far showed -13.79 negative performance however, not all S&P 500 sectors are performing the same ! In fact, some of them specially Energy Sector (SPN) is doing great and strongly outperform all other indices (See related idea about SPN VS SPX if...
Energy sector of S&P extremely outperforms S&P since start of market decline on 4th Jan 2022 and in fact, It is not a surprise considering geopolitical conditions. This type of comparisons can help us to accurately select our stock. It is essential to look at and investigate the indices before opening any position. A single stock inside a down trend related...
Media Release of earnings - not playing this one the price is to high for me
SPN seems going for a 5 waves move. If it makes a small degree correction i'm expecting one more impulse down to complete the wave 5.
Superior Energy Services Long NYSE:SPN MACD Oscillator . Will go long at when MACD Oscillator crosses up most likely around the price $9.19 and limit order set for 3% above that price where MACD Oscillator will most likely cross back down. 15 Minute Chart Used for Superior Energy Services
Another oil related stock that looks very promising to me. My personal short term target is around 17-20. Long term could possibly exceed previous high of 57.