$RIG 2.5 R trade ideaRIG breaking recent high ensures the bullish sign. 2.5 R trade to the next valid ob is what i am thinking.
RIG trade ideas
RIG LONG TF=H4 , TP = 6.98On the 4-hour chart, the trend started on May 3 (linear regression channel).
There is a high probability of profit. A possible take profit level is 6.98
But do not forget about the SL = 5.41
Good luck!
Regards, WeBelieveInTrading
RIG: At a crossroads, time to decideRIG recently broke out of its bull flag. However, since then oil prices have fallen sharply, creating selling pressure for RIG. RIG successfully defended the breakout yesterday when oil prices were down 4%, but RIG has another test ahead of it today as oil has fallen another 3%. In my opinion, the downside risk from here is minimal, but the upside is tremendous, creating a highly favorable r/r setup. If RIG is unable to defend the breakout today, I expect the stock will retest the lower trendline around $5.30, which I expect will provide strong support. However, if RIG is able to maintain the breakout even after oil falls 7% in 2 days, that would be a tremendous show of strength. I think it could go either way right now, 50/50, but I think the bullish interpretation is the highest probability at this time. It is possible that this stock could reach $20/share over the next 6-12 months.
RIG technical Breakdown on Lower guidanceRIG may be signaling some weakness in the energy sector.
This heavily indebted stock has massive movement when oil is strong but the same can be said when oil is wweak.
Poor guidance knocking & breaking the trend...On watch for continuation.
NYSE: RIG - BREAK & RETEST - MOMENTUMOur classic setup has been identified in RIG stock and purely seeing if my playbook work in stocks as well as forex. Risk at your own will if taking these plays, the strategy has not been life tested in stocks until now
RIG LongMy prediction for RIG is long. The 4h MACD already shows us the turning point. Because of the OPEC+ production cut and SPR level we will see big gains altough the main market (DJI below 30 MA) is bearish.
Transocean sinking like a ship in transit. RIGGoals 0.56, 0.49. Invalidation at 0.89.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Transocean will most likely drop Lower, BUTExpect this stock to be around $10 sometime next year. Start buying now incrementally.
$RIG last and final time $4 buy point coming to end$RIG has been on walls st radar since CEO Thigpen purchased even more shares in the summer of 2021 to become a part owner, He predicted the Oil price boom. The stock price is below the $5 mark which is why Wall st funds haven't piled in, The price has frustrated retail traders as they have been waiting patiently. The key here is to stay invested until the true price is revealed in a few years which I believe is $20-$35
RIG Story BuildingDownward channel breakout in uptrend. Inverse head and shoulders pattern at volume profile POC. Consolidating around 20 SMA. Positive fundamental and macro trends. Insider buying.
RIG opportunityJudging by the news there is a momentum behind embargo talks and my charts confirm that. Therefore I consider RIG to be a buy opportunity with xxx% potential with price travelling beyond 2008 high eventually.
RIG Fib Waves ObservationAll within 1.618 we are looking for a continuation pattern that is comparable to what was seen previously in this 1.618 zone
1.618 has been an obvious support level for price
Lets see how it evolves
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Trade Idea: BUY Transocean Ltd (RIG)Trade Idea: BUY Transocean (RIG)
Levels: Buy at current levels ($4.71) or better
Stop: $4.23
Target: $6.22
$7 and then $14?Its forming bullish patterns and volume has been good. All set for another leg up. SL 4.45.
RIG - daily breakoutJust a cheap little midcap play. Wouldn't really do options on this. Small daily breakout. Oil's been pumping (haha) nonstop so maybe it's got a little juice left in it. It's trading at a decently fair value right now so I don't expect any major runs on this. But could be something to park some cash in for a while if waiting for broader markets to move
rig gp testingneed to get up over the wedge retest then go higher other wise it fails and we find support again this one is whippy. does not track well in price movement, rsi seems to work .
RIG Bullish EWT CountBit crowded but essentially we are finishing wave 4 of a leading diagonal. Also have the bearish count of breaking 3.2
$RIG watching closely....Almost going to break down here...on watch. I wanted to play the upside but this is barely holding on here.
$RIG held barely today...Going to still play this to the upside for now, even though you could probably play a straddle here while it decides a direction. I think the oil play is coming for a winter move
$RIG time to try again?...Nice pop, little pull back intraday. If we break out of this triangle, 11/19 $4's at $0.09 look reasonable
