See how the Double Bottom is playing out for SLB. View live chart.
Reversal pattern after a downtrend.
Technical analysis of Schlumberger (SLB) reveals a significant setup. With a last close of $48.09, volatility remains active (-4.45%). Algorithmically, a Double Bottom structure has completed. This setup is supported by strong volume turnover. A potential breakout level is identified at $58.51, targeting $69.42 with support near $53.06 (R:R 2.0).
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