hi Traders
Shell has been in an uptrend but it looks like a correction has started.
Entry for short: 30.770
stop loss: 31.205
target: upsloping trendline
After reaching the target, we expect a solid bounce .
It's important to note that the specific actions taken by market makers can vary, and their decisions may be influenced by a combination of technical analysis, market conditions, and fundamental factors. Additionally, market makers play a crucial role in maintaining liquidity and efficiency in financial markets.
after the call we made on this asset that price will fall into a considerable low, we saw a $5 price drop. Now we have a reasonable probability that price will retrace to its previous support level which should act as resistance.
we believe that price will rise to $65 before further move below. Up Shell PLC then Down Shell Plc shares
it looks like the January is going to be bearish for major assets, with Bitcoin, ETh and Shell likely to go down, the rally has been nice and swift. Now we see a weakening pattern formation on a weekly TF. a break of the lower line will confirm the further move down. we see a sell target at 41.50
Shell plc is a British multinational oil and gas company headquartered in London. Shell is a public limited company with a primary listing on the London Stock Exchange and secondary listings on Euronext Amsterdam and the New York Stock Exchange.
Potential for upside continuation.
LSE:SHEL has formed a bullish flag and is poised to continue its bull run once it breaks out from the pole top. It would be a good opportunity to trade the breakout. Entry and exit prices mentioned in the chart.
We see an about 60% correction of the rise since 8th November now. The window opened on 6th November has been closed. This means that we are ready for a renewed fall of the stock.
The window opened on October 6th has been closed at the October ultimo but there is another window ahead luring to be closed as well. We have started the move towards it and when the price falls its better not to hold it.
Royal Dutch Shell (LON:SHEL)'s Q3 financial outlook, published on Friday, suggests that the energy giant is set to benefit from a sector-wide rally in oil, refined products, and gas prices. The company anticipates enhanced earnings from its gas, chemicals, and product trading operations. These expectations are backed by InvestingPro's data that shows Shell's...
I've always been a fan of Shell corporation. In spite of the fact they are an oil and gas company I believe they are committed to leading us into a cleaner and greener future. They are well positioned to provide clean energy.
In addition, I believe Shell is benefiting from high inflation and high energy prices.
The chart for Shell is a great example of both...
The PEAD projected a bearish outlook for NYSE:SHEL after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
The PEAD projected a bullish outlook for NYSE:SHEL after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
This investment strategy scrutinizes the complex landscape of major oil corporations like Exxon, Chevron, Shell, and BP , situated at the crossroads between their traditional petroleum-based profits ("black gold") and the imperative to transition towards sustainable energy sources (the "green future").
The approach is uniquely neutral, recognizing both the...
