SLB: Ascending Triangle, Not Confirmed (48.31%)(16/1000)

(16/1000)

Ascending Triangle for SLB.
NOT Confirmed. Possible 48,31% gains.

Pros:
1- Bullish Ascending triangle
2- Descending volume during formation
3- PPS above 50MA and 200MA
4- R/R ratio above 5
5- 250RSI above 50 and ascending
6- 50MA above 200MA
7- 50MA and 200MA ascending.
8- RS above 0 and ascending

Cons:

1- ATR flat, less volatile
2- Pattern not confirmed
3- No break out yet

Target price is 88.14$.

Again, stay humble, have fun, make money!

MAAX!