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Analysis: #NYSE $SLB

Case 248 #Schlumberger Limited

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#SLB 1/4
Chart 1
Monthly Chart: With the loss of the #Fib. 0.50 and long term #pivot #support (59.56/12) we have also seen a complete breakdown of the long term year rising #trendline which has resulted in targeting lows not seen since .....

SLB 2/4
..... 1995. The short term is mildly #bullish but long term is very #bearish with all the main #SMAs pointing down and we expect further losses towards 7.30-6.60.

SLB 3/4
Chart 2
Daily Chart: The #Strategy is printed on the image.

$SLB 4/4
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#NYSE #Schlumberger #SLB #Fib #pivot #support #trendline #bullish #bearish #SMAs #Strategy

More from @malteseinvest see all

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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $TECH

Case 247 #Bio_Techne Corporation

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#TECH 1/4
Chart 1
Weekly Chart: The Jan. 2020 retracement found #support on the 2016 #trendline which is slightly above the #Fib. 0.786 and currently running into the minor #resistance zone 220.25-230.10 a close above .....

TECH 2/4
..... the latter will eventually set sights on 273.75. Watch for a sustained break below the important #pivot at 178.61 which should see a drop back to the rising trendline and #SMA 200.

TECH 3/4
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $HAS

Case 246 #Hasbro Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#HAS 1/4
Chart 1
Weekly Chart: A violent downward move was seen in Feb. 2020 with the long term #pivot #support at 77.02 vapourised and below that level the vacuum exposed - all gains from 2013 were wiped out within 2 months. #Resistance is .....

HAS 2/4
..... now very formidable between 92.60-106.20. We are not convinced of the reliability of #trendline support at 41.80 and a close below will see price target 32.45-31.20 within a couple of weeks.

HAS 3/4
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $XLK

Case 245 #Technology_Select_Sector_SPDR Fund

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#XLK 1/4
Chart 1
Weekly Chart: XLK has risen 3 fold since 2015 peaking at a high of 102.94 then correcting violently lower, breaking below the 2019 #trendline, but staying fractionally above the #support zone comprising of the #Fib. 0.50, the 2015 trendline and .....

XLK 2/4
..... #SMA 200 where buyers were positioned. The long term objective is 131.00 but before that some work needs to be done and a close above 111.00 is required for this to happen.

XLK 3/4
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