Schlumberger tries to gather momentum - Analysis - 31-01-2023

Schlumberger's stock (SLB) fell in in the intraday levels while gathering momentum to rise anew, amid the dominance of the main upward short-term trend, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI.

Therefore we expect the stock to return higher, targeting the resistance of 62.78, provided it settles above 55.05. 

Expected trend for today: Bullish