After tagging my target around $60, SLB (Schlumberger) has been chillin’ in consolidation mode for a while now. We’re sitting on a solid support zone, and honestly, the odds of a bounce look better than a full-on dump here. Textbook vibes too—Fibo 0.618 lands right around $31, which lines up perfectly if this is where it decides to base out.
If we do get the bounce, next stop could be in the $90–$95 range. 🚀 On the flip side though… if this thing keeps bleeding, we might not see a floor until the $20–$22 area.
I’ve got a position, so here’s to hoping we take the high road! 🤞Good luck out there!
If we do get the bounce, next stop could be in the $90–$95 range. 🚀 On the flip side though… if this thing keeps bleeding, we might not see a floor until the $20–$22 area.
I’ve got a position, so here’s to hoping we take the high road! 🤞Good luck out there!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.