Schlumberger Trading Analysis (02/07/2024)
The trend is down. The stock trades in the range between 365 and 135 ЕМА. The upward truncated wave structure ended with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought condition.
Trading idea:
- Buy at the breach of 46.45.
- Stop-loss at 47.67.
- Price targets at 45.20 and 42.77.
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