Tension in Persian Gulf With the attacks of the American and British forces to the Houthis in Yemen one can expect a destructive retaliation by them in the supply of oil.
Watch who can jump higher
BORR trade ideas
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 !!!
BORR rallies while spy consolidates 👀lovely strength here! rejection here and dip to 5.5 before next big push is likely, break of 7 (close) and we get some explosive push to the upside.
Will share second chart with targets soon 💛
BORR ( OIL EXPLORATION) PENNY STOCK - has options in September for $0.35 is now running 20+ % in a week
leading up to earnings in 4 weeks
-rounded reversal on one-hour chart with upside to resistance through
volume profile
-OXY just beat on earnings and is doing stock buyback and so
competing with Buffet for that market share
- seemingly all bodes well for a stock or call option.
( I am up on the stock 7% overnight in the early part of this swing trade- NYSE:BORR
BORR has 25% upside as earnings approachNYSE:BORR
Uptrending towards the SMA100 as well as
the POC of the volume profile
from the May-June consolidation. Earnings in
a month. A penny stock with inexpensive
options contracts. At POC possible bounce
into a downtrend or continuation.
Borr Drilling company ill like to invest into in mexico; oil drilling research s always important to me since the early 2000s....always readig online about new oil gold and other metals.
bullish as long as trend support holds! BORR holding above a few local trend supports, longs are in control for now!
next targets are 4.74-5.44
Borr DrillingHigh Quality of consolidation due of rising OBV last weeks and good triangle consolidation.
Also last consolidations with falling wedges showing how market is ongoing of rebalancing this share.
For sure, the company now have to bring huge revenues in 2022, because dept is very high.
But liquidity has been safed last dec.
So let's wait for 24 of feb - the it will be figured out, what's happening Qç/21.
regards, Dan
Drill baby drillDrilling companies will have good times in these war times. Looks bullish. ALl those black lines are the next targets.
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.
BORR Setting up a Breakout*BORR is getting closer for a breakout
*Two huge volume candles on breakout
*Last dip held by 200 DMA
$BORR - Long downtrend broken?I'd like to see a push through the 20 and 50 EMA's, and some higher lows, but it's possible we're getting a reversal here.
Back to $1.65 on a nice oil rally?
Borr Drilling is in a bottleneckBollinger band narrowing
Flat EMA
Oil prices rising
In a strong support level
Although it continues to operate at a loss, it maintains contracts with several major oil companies worldwide.
Something tells me it won't stay that way for long.
Gann Fan says all is well$BORR's current location on the Gann Fan is fine.
You can see $BORR got ahead of itself, into that 4:1 turf. Now we're nicely consolidated, waiting for the next oil push.
BORR - Go Long for quick 25%I think the chart speaks for itself.
Get in under $1.30 - Target $1.80 for quick 25% win.
Can't Argue Wth The Energy Trade Right NowOil and gas continue to make new highs. But don't forget to keep an eye on OPEC+. That's the only thing that has me cautious right now. With a need for more infrastructure and in consideration of the reopening trade, my guess is energy sources will be needed. Regardless, a build or increased production globally could put a dent in this bull trend. Not sure if it will be long-lasting or an interim effect. But something to keep in mind I think.
The company recently released its Q4 results and provided a fleet status report. Borr generated just over $60 million in revenue and reported a net loss of just under $47 million or around $0.22 per share. The company also explained that “even though we received broad support for the liquidity improvement plan, concluded in January, we are convinced that some opportunities remain to further improve our capital structure and liquidity in 2021.”
While the majority of oil and gas stocks still have yet to reclaim their pre-pandemic levels, a stronger focus on them right now could be supporting reasons why stocks like BORR have continued rebounding.
Quote Source: 5 Penny Stocks For Your March 2021 Reopening Watch List
BORR I think the target will be 1.9$BORR is uptrend above MOV50
RSI > 40
MACD will cross
CMF > 0
I think the target will be 1.9
BORR gap fillEnergy getting killed this yr . buy .42 gap fill at .61. maybe hodl for bigger targets if trump wins election could fill upper targets
BORR SPIKE?I like BORR here technically. I might be willing to take a speculative trade just based on what my eye is seeing. I would personally consider setting several incremental price targets within this broadening formation.
BORR LONGBuy: 0.98-1.05
Target: 2-2.5-3
Stop: 0.94 (0.89)
Every next low higher then prev , means there are more buyers then sellers
