Schlumberger

  • SLB

  • $49

  • +1.24%

  • $49

  • $49

  • $48

Ticker Appearances

Tue, January 30, 2024 | 11:42AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
Tue, January 30, 2024 | 11:42AM ET
I discussed technically last week whyOIH 1.33%  might face some resistance heading into this week, and today'sSLB 1.24% ,BKR 5.82% HAL 0.73%  losses (4-9% in today's trading) have resulted in OIH pulling back sharply from trendline resistance. I expect today probably marks an attractive opportunity for traders. yet, trend followers will require a rally back above this ongoing downtrend. this will take time. At present, OIH is well up off early lows and this is encouraging after the early decline
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