Schlumberger Trading Analysis (18/09/2025)
The trend is up. The stock is trading within the range of 365 and 135 EMAs. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator and a signal of an oversold condition on the Stochastic Oscillator.
Trade idea:
- Buy at the beginning of the ascending wave structure when wave A breaches the sloping channel of the truncated descending structure.
- Stop-loss at 34.45.
- Price targets are 36.50 and 37.50.
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