Trade pressures are up. Volume is bullish. Consolidating at the 80.29 first target down.
SLB has closed above the 25×5 with green volume and positive trade pressures. This is a retracement trade.

expect resistance at the 80 day moving average.

next target is 95.91

stops at 79.50

[3/1 update: in a pull back to 80.29 target area. need a break above the 80 day to get the move going]

[3/6 update: closed just below the entry price of 83.36.  Move stop up to 82.53]

 

[3/9 update: Trade closed at the 82.53 stop price. the entry price was 83.36, closed at 82.53 for a loss of 83 cents or, 1%.]