Dec. 25 at 1:39 PM
Actionable Trade Alert for
$SLB:
Market Context:
$SLB is currently trading at
$37.97, showing a neutral RSI of 48.98, indicating no overbought or oversold conditions. The stock is above its 30-day moving average (MA30) of
$37.37 and 50-day moving average (MA50) of
$36.63, suggesting a bullish trend. The recent high of
$40.88 indicates potential upside.
Directional Bias: With the price above key moving averages and the RSI indicating stability, there is a bullish bias. The price is also within a range between the 60-day high of
$40.88 and low of
$31.64, providing room for upward movement.
Trade Plan:
- Suggested Entry:
$38.00
- Stop Loss:
$36.50 (Risking
$1.50)
- Take Profit Targets:
1.
$39.50 (Target 1 - 3.95% ROI)
2.
$40.00 (Target 2 - 5.26% ROI)
3.
$44.50 (Target 3 - 17.49% ROI)
This plan offers a solid risk-reward ratio with a potential 17%+ return on the third target.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
