Technical Analysis of Schlumberger N.V. (SLB) - May 26, 2022
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Technical Analysis of Schlumberger N.V. (SLB) - May 26, 2022 |
SLB as a large global energy service and equipment has several key points:
- The relative strength against SPX (as a leading indicator) broke above its resistance several days ago.
- Accumulation/Distribution as a leading indicator and a volume confirmation indicator broke above its resistance several days ago.
- The SLB price itself broke above its resistance at $44.
- The next target will be at $63 with a stop loss at $37.
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