Short SCHLUMBERGERMissed the first Entry, waiting the price to go back to 46 before shorting.
The setup is clear and price action is beautiful, let see if the price will go back.
0.537USD
1.53 BUSD
12.07 BUSD
About Schlumberger N.V.
Sector
Industry
CEO
Olivier Le Peuch
Website
Headquarters
Houston
Employees (FY)
111 K
Founded
1926
ISIN
ARDEUT111515
FIGI
BBG000HGFH38
SLB engages in the provision of energy technology. It operates through the following business segments: Digital and Integration, Reservoir Performance, Well Construction, and Production Systems. The Digital and Integration segment involves the combination of digital solutions and data products with its Asset Performance Solutions. The Reservoir Performance segment consists of technologies and services for productivity and performance optimization. The Well Construction segment includes the full portfolio of products and services for well placement and performance, drilling, and wellbore assurance. The Production Systems segment focuses on the development of technologies and provides services to production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries. The company was founded by Conrad Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston, TX.
SLB - neutral formation but oversoldhi traders
Analyzing the chart of Schlumberger Limited (ticker symbol: SLB), we can identify the
formation of a symmetrical triangle pattern, indicating a potential breakout in the near
future.
Schlumberger Limited (SLB) is worth investing in due to its position as a leading player in the
oilfield
SLB Schlumberger Limited Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SLB Schlumberger Limited prior to the earnings report this week,
I would consider purchasing the 54usd strike price in the money Puts with
an expiration date of 2024-4-19,
for a premium of approximately $3.10.
If these options prove to be profita
Investment Opportunity SLB (Short)SLB is Bearish in 6months timeframe, the price is back on supply which initiated this bearish trend, we can see now that the price ic currently accumulating orders, a wyckoff is in place.
I'm expecting now the price to reach downside liquidity at 39.5 $ and potentially continue until 16$.
Upside r
SLB Set To Acquire ChampionX, Return $7 Bln To ShareholdersNYSE:SLB , formerly known as Schlumberger, has announced plans to acquire ChampionX ( NASDAQ:CHX ), a leading provider of chemistry solutions and drilling technology. The acquisition, coupled with a substantial $7 billion shareholder return plan, signals SLB's commitment to driving growth and delive
SLB, 1/24-3/28, 9.5% profitOn 1/19/2024, SLB (SLB) reported earnings of $0.86 per share on revenue of $8.99 billion for the fourth quarter ended December 2023. The consensus earnings estimate was $0.84 per share on revenue of $9.00 billion.
Shlumberger - SLB LongA failed dragon turned into a beautiful falling 3 drives pattern with bullish divergence all happening at a long respected demand line.
Easy trade to size up risk on, again never know what will happen.
Unfortunately this is one again that we took and posted in the community two weeks ago. It wou
Monitoring $SLB to enterValuation seems very attractive
Earnings are expected to grow moving forward
However the share price trend looks bearish
Will have to monitor if it will break the support level
or it's undergoing a turnaround from the low.
The share price is also somewhat moving in line with the WTI oil price.
SLB Potential Buy setupReasons for bullish bias:
- Price respected strong trendline
- Hammer candle formation on the support
Entry Level: 50.85
Stop Loss Level: 46.99
Take Profit Level 1: 54.71
Take Profit Level 2: 58.57
Take Profit Level 3: 60.73
Schlumberger's Stellar Performance in 2023: Key Highlights
Schlumberger Limited (NYSE: NYSE:SLB ), a world-renowned oilfield services provider, has concluded a remarkable year, surpassing analysts' estimates for quarterly profit and showcasing robust growth in its international business. Despite geopolitical uncertainties and regional tensions, NYSE:SLB
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