Bullish on RIGEasy double bottom. Strong day today setting up a strong break of the neckline. Stop based on Fid, Target set up at a 5 to 1 W/L setting. Stochs are primed. LETS GO!!!!!!!!!!!!!Longby AWDConservativeUpdated 4
Breaking 3.70 Resistance soon ?It appears that RIg is attempting to get out of the 3.70 resistace. Its made multiple attempts now, with the last one quickly being rejected. It appears the stock is moving slowly towards resistance, which should be enoug energy to smash through. Now it needs a catalyst. Oil was pushed down after europoors decided to go on lock down again. There was hope the opec + meeting would push oil past (WTI) past 62, but that failed, as seen by todays (4%) down day in XLE. There is no more major catalyst, whcih could send the stock higher. SO what will push the stock higher? 1. Higher Demands is seen coming this summer. 2. 90% of American should be vaccinated this month ( have the option to get vaccinated) 3. European lock downs should end this month, whcih should bring some excitement to the oil market. Downsides? The major downside that I see is OPEC+ increasing supply faster than demand rises. They decided to raise supply in anticipation of higher demand, but if they supply and demand is matched or undermatched we would soon see supplies and inventories rise above the 5 year average. While not a sure trade I think it offers a handsome return to anyone who dares trade this. Longby QuantstreetbetsPublished 3
RIGOpened a position on Tuesday after that second bounce off the 200 period moving average. Price action has held above the 8 EMA after an anticipated pullback and bounce. Today we see 8 EMA and 20 MA x-over. If you're looking for an entry, consider the 8 EMA (pink line) or first pullback to the 20 MA. Cheers!Longby SLOPolarBearPublished 1
$RIG - delay in the golden crossThis completed the golden cross without the rally. Often the rally comes 1-10 days after the golden cross, or breaks down completely. Worth a watch. Reverse profiling shows potential of 23% gains. Do not get caught in an H&S. Be patient. Always set a stop loss. Longby katblatPublished 5
RIG is back !nice hourly inverse head shoulder with positive divergence. Longby SewellBrokeragePublished 114
RIG: time for the next pump?RIG is down a bit over 20% since we reached our first target of $4.59 (42%)...could be time for the next leg...buy in is $3.51...target is $7(ish)...neighborhood of 100%...ITS YOUR MONEY...DYOR!!!Longby Soul_CancerUpdated 333
Chart update. No resistance at $4.50? Next stop $5.20Looking good. PT1: $5.20 (will sell 50% of my position) PT2: $7 Will buy back the 50% next time it drops below $4 again.Longby AthenryPublished 222
RIG looking good I have no Idea what it does but bullish set up CoolShortby xxtamedtacoxx7Published 2
This is a great stock. Doing very well in a bad market.Purchase price: $3.42 PT1: $7 PT2: $10Longby AthenryPublished 0
Breakout from cup without handle? Testing major resistance.Currently testing resistance at $3.88, if it breaks out I see it hitting $5.35 in the next two weeks and $5.80 by the end of March. If it breaks through the red resistance trend line, it'll already be too late to buy. This is a $6 stock mid-April at the latest. I believe we saw a cup without handle from August to November, huge volume on breakout. Could be looking at big gains from here on. Now looks like a good time to buy. I don't see it getting back down to these prices any time soon.Longby AthenryUpdated 6
RIG Bottom and Ascending ChannelSeveral macro, political and technical factors appear to be pushing Transocean toward $5 by mid 2021.Longby JayBecknerPublished 3
RIG: Ascending TriangleAscending Triangle Pros: Descending volume during formation Golden cross in blue PPS above 50MA and 200MA RS above 0, but descending ATR Ascending R/R ratio above 7 200MA ascending Cons: 250RSI below 50 PT = 5.81$ Longby LeLafPublished 333
RIG - Bull FlagRIG Clear uptrend and trading in a channel. This is my first publication so I'm open to thoughts on the chart. Longby Ken21Published 1
RIG LONG Great R:R = 5.39Definitely worth a shot here with this risk reward settup! Longby asenskiUpdated 3