RIG - TOO CHEAP FUNDAMENTALLY - FACE RIPPING SHORT SQUEEZE
Monthly chart shows divergence in momentum and price , this will soon lead to no more sellers , because now the float is hostage. Any buying triggers a massive short covering , which should lead a stock price north of $25 dollars a share 3 - 6 months
Stock has been under masterful accumulation and will continue to be. This trade is almost identical to the playbook of buying CHK , SDRL , SUNE , FCX , HTZ
Enterprise value = $10 billion
Market cap = $4.6 billion
Revenue = $6.9 Billion
This stock looks like many energy companies , which were priced for bankruptcy. With improvement in the junk bond market, I feel accumulating this stock and others like it.
10-------------15----------20--25---30 Try accumulating between 10 and 13 and adding on a break of 15.
Stock has been under masterful accumulation and will continue to be. This trade is almost identical to the playbook of buying CHK , SDRL , SUNE , FCX , HTZ
Enterprise value = $10 billion
Market cap = $4.6 billion
Revenue = $6.9 Billion
This stock looks like many energy companies , which were priced for bankruptcy. With improvement in the junk bond market, I feel accumulating this stock and others like it.
10-------------15----------20--25---30 Try accumulating between 10 and 13 and adding on a break of 15.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.