RIG/N trade ideas
Careful just window dressing end of yearStaying long SPY
Beware its all coming to a end next month
video explains
Have some kinda hedge on
RIG - revisitedI posted her last week regarding RIG and each time I review the chart I like it more and more. Looking to take out the prior $6.66 peak and my immediate rally target is $7.18. Stock as I've said is one of my fave turnaround names for 2020. RSI and MACD on daily starting to get tired but weekly still has room to run.
RIG - revisited RIG is still chugging along. Looking to take out overhead resistance. Moving averages perking up favorable. May be a little bit overbought here but daily could still go higher and weekly indicators are still very favorable. In line with oil's rise this looks like it has room to run. Commodities should go up in 2020 as uncertainties continue to persist and Fed is on hold. Another 2020 fave.
Transocean Ltd. Announces Contract Award for Development DrillerRIG: Transocean Ltd.
2019-12-12 16:15:10
Transocean Ltd. Announces Contract Award for Development Driller III
RIG - revisitedThis has finally taken out the down trend convincingly. Would like higher volume but there is a change in character here that can not be ignored. Kept waiting to add in the $4.60 area but it wouldn't give it to me. Waiting for the golden cross which looks to be approaching shortly. Up up and away!
RIG - Revisited RIG is still chugging along making a series of higher lows with bigger up volume days outnumbering lower down volume days. Change of character since mid August. Upper channel resistance and big volume breakout is coming I can feel it in my bones. Another 2020 turnaround name for me. I like this for a buy and hold. Deep water drilling tough space but this is just way overdone on the downside.
RIG - is a bottom in?Liking this chart more and more. Seems to be a genuine interest in buying and other indicators confirming this. Nice chart pattern. Black gold, Texas tea....ready to rise??
RIG Long after false breakoutStrong level 3.76
I will wait for a retest and false breakout of 3.76 level and then will look for a long to 5.20-.30 and 6
Oil Oil Oil RIG RIG RIG where are we headed? Something to follow and See. Targeting an entry at 5.50 Looking to renter there. See how the price action is going. If it breaks through at 5.50 with ease do not enter.
TRADE AT YOUR OWN RISK
Cup n HandlePossible Cup n Handle? If oil price stays above 60$ over Q4 we have a good chance for higher prices and a bit of short squeeze.
RIG Builish Market updateGapped above resistance, needs to stay above and break out of this area today or tomorrow. Staying bullish, next resistance is at $6.70-7.10
We would like it to break above the current triangle it is trading in. Lots of price protection here. There's no reason here for it to play around in this market range. It will either go above 6.45 or below 6.00 here in two days. Thank you. Please tell me what you think of this price action. Take care.
Bullish until $5.60 looking for a breakthrough for higher highsLooking for a breakthrough at $5.60. Do your own analysis. This is simple stuff here.
Another attempt to long oil stocksLooking at oil stocks I see terminating structures that may result in a bounce. I will attempt to long the stocks with tight stop loss.
Oil stocks look bullishOnly today I made a post that oil looks unclear and now I think oil stock want to go up. Just look at the divergences, double bottom and overall bullish look and feel of APA and RIG. I will allocate 5% of my portfolio to these stocks 50/50.
PUT Continuing the downtrend we’ve seen over the years. With the falling wedge; price will hit around low 5s and bounce upwards to the mid 7.5
Expecting oil to bounce 2020/6I observe a consistent picture in many oil stocks that hint upcoming bounce in oil prices. Very speculative trade. Tight stop.
Pattern: no pattern. Buying on bullish PA/indicators/general market look&feel
Risk: 0,25% of total portfolio
Time horison: summer 2019
Exit strategy: selling in portions as price moves to 74.5 and bounces of MAs or oil price will return in a downtrend
I am bullish on this small-cap stocks I am bullish on this small-cap stocks .. We believe in buying small cap stock with great potential.. This one call for a bullish position trading strategy.
