See how the Bullish Flag is playing out for SLB. View live chart.
Bullish continuation if preceding move was up.
Gradual reversal from bearish to bullish.
Reversal pattern. Price likely to break downwards.
Indecision. Widening then narrowing range.
Market participants tracking Schlumberger should note the latest formation. Currently at $51.49, the asset is showing downward momentum (-0.83%). Our AI has detected a valid Diamond pattern. Volume is average (0.56x avg) with moderate trend strength (8.8). A potential breakout level is identified at $54.8, targeting $66.05 with support near $49.17 (R:R 2.0).
What is your outlook on SLB?