SLB dropped from the downtrend line.
Tag Archives: Slb
SLB
The good earning report pushed it to break out this triangle, but the doji and long red candles didn’t look good for the bulls. If it moves below the trend line, it may be a short. Going long from this point does not provide a good risk/reward opportunity as the overhead resistence is very close at 73.27.
SLB, GSF and RIG
SLB has been in this uptrend for more than a year. At oil price above $51, it is breaking out from recent consolidation around the resistence at 60.
GSF is approaching its resistence at 35 if it can overcome the resistence at 32 first. Based on its charts, we may see another pullback before breaking out at 32.
RIG is already half way to its resistence at 40.
SLB
Will SLB break out from here? Oil price is at historical high and it may stay high for a while.
SLB
Will SLB break out from here? Oil price is at historical high and it may stay high for a while.