Let;s hope that 4th time is a charm n breaks RES
I adjusted the idea based on my position. Reward-risk is a little below 2 but I still feel SLB can go higher.
Good setup for a breakout. Entry level at 77.65. Target 79.75 and stop 77.05.
Time to see if it can clear the TD or revisit back to $73 if market rolls back. Join us woowtrading.net
Butterfly with reversal target at 77.79 into earnings tomorrow am, breaking consolidation w/ similar target on Measured Move, options see about $2 move
It looks a good chart for SCT hunters. This pattern has a possible downside target of $60.5 with stop loss of a recent swing high $72 . If you are option trader, you can join us www.woowtrading.net
www.stocksetups.com Here is the longer term setup for SLB covering the short trade from the 74's.