See how the Bullish Flag is playing out for SLB. View live chart.
Bullish continuation if preceding move was up.
Reversal pattern. Price likely to break downwards.
SLB is showing interesting structural developments at $50.39. The stock is trading at $50.39, down 0.49% on the day. Algorithmically, a **Bullish Flag** structure has completed. The trend indicator is reading 7.6/100, suggesting moderate momentum. A potential breakout level is identified at **$52.4**, targeting **$70.62** with support near **$48.38** (R:R 4.54).
What is your outlook on SLB?