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TRANSOCEAN LTD

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RIG/N trade ideas

RIG-Looking Good for an EntryRIG-is looking good for a long play...short-term it is crossing over on the MACD and with US drilling news from the US govt....Offshore RIGS are on the move. I look at this level for 1 and 2 year leaps at this price with targets of 15, 30 and 45 over the next two years. Complete your own assessments and conduct your risk profiles. My chart and plan are my own and any other party that trades with this information does so at there own risk....
NYSE:RIGLong
by ramonbenavides12
TRANSOCEAN LTD (RIG) Long TradeLong term position in TRANSOCEAN was initiated on 27.08.2017. The Stop of this trade is below 6, but I am willing to keep this trade as long as needed and possibly to reevaluate stop if necessary. Current Risk/Reward is 1.5. We are betting on the stabilization of oil prices and good chances the oil fracking industry will survive and the best companies will prosper in near future. The macro bet is on rising inflation and possible rise in Oil prices as well. Additional support is the extremely low financial valuation of this company.
NYSE:RIGLong
by auroraspot
RIG: Early signs of a new life for oil drilling?Some chartist have observed that the RSI (14) tends to move in ranges. Notice in the daily RSI that the value until 2014 stays at or above the low range on dips. Then it goes way below the line in 2014. Some chartists would see that as a sign that the winds have chaged and a bear market may be starting, which it was. The high of the daily RSI never went above the normal range until 2014 when it went way up. Was this a sign the winds have changed again? Before this there were a series of new lows in price {NL) but so far not since. Encouraging article : seekingalpha.com
NYSE:RIGLong
by goodguy
3