Aug. 11 at 10:39 PM
$SLB (8h)
Bullish Flow: Option sweepers are heavily stacking August
$52.50 Calls on the Ask with repeat block and split prints, absorbing supply following a solid Q2 report (
$8.97B rev, up 5% YoY, and
$0.55 adjusted EPS beat). Smart money is positioningin quarterly free cash flow,
$4B+ in shareholder capital returns, and surging deepwater/offshore contracts (Guyana, Brazil) offset temporary Middle East headwinds. 🐂 💧
Bull Key Level:
$53.75 (Bull confirmation to claim local consolidation high, break volume point of control, and launch macro expansion) 🐂 🔥
Bear Key Level:
$48.50 (Key structural support floor and higher-low pivot to defend) 🐻 ⚠️
Targets:
$58.50 /
$64.00 💰 🍺
Why: The 8-hour chart shows
$SLB recovering off the
$44 swing low 0 Reclaiming
$53.75 validates a complete trend reversal out of the lower base, triggering a fast liquidity run through sparse overhead supply toward 52-week highs (
$58.82).
#slb #hovdid
