ESV has completed a long term correction with his last 3 wave move to the upside. Now it has broken the previous lows. If it bounces to the level posted on chart i'm expecting one more impulsive wave down.
ESV extending its decline beyond the Brent move, opening a divergence. Gap should fill. It's also close to previous major bottoms. Sentiment on extreme low. Demark indicators pointing for reversal. Target 6.12 Stop 4
Other time frames listed below -- 2 hour needs to be bounce here If it doesnt daily time frame RSI will break down -- Before this we were focused on the 1Hr 50 level, and then the 40 level after the first test of the 50 during this massive up leg -- General note: All higher timeframes are bullish. Stars are aligned but rejection could take place. THus why were...
Shorts are pilling up but not yet ready for harvest |IMO|.. If previous high (7.60) is defeated then climb to 8$ is very likely. Enjoy! Cheers, Keops
Whats up guys, Got some juice for you guys today . ESV stock for an off shore drilling company based in London that has seen highs of over 80$ currently 6$ . I will post picture of the target bottom being hit and now we are seeing a clear motive wave coming off the bottom. Its currently searching for the bottom of the supposed wave 2 . Then to higher highs....
ESV looks like is starting the fifth impulsion wave, already gone through the 0.382 and 0.618 retracements of the previous high. Using both the levels of 1.618 retracement and 1 extension, my guess is that ESV will be trading in that range short term.
Bullish price structure. Ideal stop below 17. 4x ev/ebitda. Healthy cash flow and balance sheet. Joint venture with Saudi Aramco.
Tried this one before, hopefully better luck this time. I bought at 8.86
As the underlying US Energy Index gathers fresh upside momentum, there are signs of improvement appearing in Ensco Plc. The multi-month basing pattern is showing early signs of bullish resolution, as oversold momentum studies and positive divergence begin to unwind Whilst trading could become choppy in the coming weeks - to be expected following prolonged basing...