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BORR

Borr Drilling - Final Leg Up of Three Drives Pattern (5:1 Long)The price action of Borr Drilling retested the bottom of its Accumulation range about a year ago, and now a bullish Three Drives pattern appears to be forming, one which is almost ready to extend its final upward leg. As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception. Note that I expect price to fall into the entry point, which has not happened yet (more on that below). My trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION. Along the upper region of the pattern is a Distribution range derived from the Fibonacci channels that define the space, across which are arranged a variety of profit targets. Meanwhile, below is suggested a line of "Late Entries" and a "Moving Stop Loss" based on the Euler ratio of the Andrews Pitchfork. Furthermore, the time limit is imposed by a the same ratio in a Modified Schiff Pitchfork, into which the descending leg of the pattern may be expected to fall. Obviously, if the price action plays out as forecasted, there will be an opportunity to short at or near the top and aim at any of the downside targets given. That is already well into next year, and a lot will happen before next Summer. Until then, be liquid !!!
NYSE:BORRLong
by TheLeadingIndicator
4
SDRL an oil services and support company LONGSDRL is a Scandavania / UK-based company supporting offshore oil drilling projects. On the daily chart I have drawn a green support trendline and a red resistance trendline from the higher weekly timeframe. Fundamentally- it has had two consecutive earnings beats. Per Tradingview, the average analyst has a price of $45 as a target and technically it rates Strong Buy. On the chart, SDRL is sitting at the confluence of convergence of moving averages with the POC line of the volume profile and inside a symmetrical triangle which could be considered as demonstrative of consolidation and volatility compression and sometimes called a Bollinger Band squeeze. I will take this long trade targeting the line just below the supply zone of the Luxalgo indicator and setting a stop loss at the bottom of the high-volume area also marked on the chart SDRL could be a takeover target with the buyer being any number of Big Oil companies Should such occur share prices would escalate far beyond any current expectations.
NYSE:SDRLLong
by AwesomeAvani
ERX Energy is backERX is a leveraged ETF tracking the energy sector. On the 4H chart it has been in a downtrend since mid-March. IT dropped to the bottom of the high volume area on the long term profile as well as the lowermost VWAP band. Firday May 12th marked the reversal with buying volume replacing selling volume and then a significant rise in price in the past week. On the AI moving moving average indicator, the optimized shorter Hull moving average (red line) has crossed over the longer EMA moving average ( blue line) as has the price. I conclude the energy sector is heating up. My new idea on BOIL supports this. I will take trades with energy in mind and review big oil stocks and natural gas stocks as well as pipeline and oilfield services stocks.
NYSE:BOHLong
by AwesomeAvani
WILD BORRBorr Drilling Company has become very cheap once again. Considering the incredible rally in oil over the last year, BORR looks like an even better discount. The price action alone in BORR suggests to me that a bottom is being put in under 0.75. Regardless of my opinion, I have some tools and charts I can use to demonstrate why it is historically cheap and why I believe BORR could be on the verge of a major rally. I will share these ideas below. Please note that the chart above is using Renko blocks. Currently, TradingView does not allow Renko charts to be 'played' like traditional candlestick charts. Renko is different from candlesticks in that Renko blocks do not 'print' unless price moves a certain defined amount. Time is mostly irrelevant and is only useful for the 'time' required for a block to print. What this does is allow a more pure trend to be identified with the time factor removed. If price doesn't move, a block does not print. What you are left with is PRICE ACTION. Here is one such way to measure BORR. Because BORR is in the oil business. Just compare BORR to OIL. So for this use USOIL/BORR. Here is what comes of the ratio: This ratio appears to be topping out and can indicate, as previously seen in cyan ellipses, that BORR could be bottoming in this range. Just know that it doesn't have to work and there's no guarantee of anything. Use what tools are available and think for yourself. Your investing decisions are your own. Do not buy or sell anything based on anyone's advice. Why risk your own money without your own research? Study this for yourself and consider risk to reward.
NYSE:BORRLong
by gghsusa
6