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Transocean Ltd (Switzerland)

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RIG trade ideas

RIG (D) LONG Transocean Ltd. is the world's largest offshore drilling contractor based on revenue and is based in Vernier, Switzerland. The company has offices in 20 countries, including Canada, the United States, Norway, Scotland, India, Brazil, Singapore, Indonesia, and Malaysia. TECHNICALS: Price cuts above the neckline (inverse head and shoulders IHNS + 1 shoulder) Entry Price: $2.82 or closer to neckline (in red) Take profit: 1) Range - $3.76 - $4.15 2) IHNS TP - $4.69 3) $5.21 Good Luck in Trading Give us a like if you like our idea.
NYSE:RIGLong
by Hohoolo
1
RIG Breakout Stock Sell AlertBREAKOUT STOCK SELL ALERT $RIG - Transocean Ltd (Switzerland) Common Stock Initial Alert Price: $2.31 Price High: $2.69 % Gains/Losses: 16.45% (-48.55% Less Than Expected) RIG hit the $2.69 Level of Resistance and is currently consolidating from the breakout. It does seem to be rounding back up so we will be watching closelly for another potential breakout here. Until then, we sharing this advisory sell notice. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today Follow for more trade alerts and information & egister your account for Instant Alerts by clicking the link in our signature.
NYSE:RIG
by MyMIWallet
2
RIG Breakout Stock Alert UpdateBREAKOUT STOCK ALERT UPDATE $RIG - Transocean Ltd (Switzerland) Common Stock Initial Alert Price: $2.31 Price High: $2.69 % Gains/Losses: 16.45% (15.8% More Than Expected) Stop Loss Limit: $2.56 RIG is currently trading in a Continuation Breakout Pattern and working to break the $2.62 Levels of Resistance. If it does, then we expect this retest the $3.82 Level no later than March, if not before due to a catalyst or the Oil Industry finally getting a grip on Production Cuts to account for lower demand in regards of the pandemic. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today Follow for more trade alerts and information & egister your account for Instant Alerts by clicking the link in our signature.
NYSE:RIGLong
by MyMIWallet
RIG outlookSo looking at RIG on both the monthly and weekly chart, we seem to be due for a correction after a long run upward. 1. We are currently retesting a resistance at which we got rejected recently on the 24th of nov, but also in August and in June, I see this as a high probability area for a breather on the latest upward run. 2. We are approaching the W-cloud, which adds extra resistance. 3. We've recently broken and continued upward from a downward trendline (blue arrow), but without properly retesting it (not always necessary as we did see a brief retest on the daily). If indeed we get rejected around the area of USD 2.50-2.70, then I will be looking at the following areas for a potential buying opportunity. (There is a possibility that we fill an old gap at 2.85 first as well) Both the 0.382 fib, the 0.5 fib and the 0.618 fib are potential retrace areas, but I'm looking for confluence of support as well. The 0.382 doesn't line up with any other areas of interest at the moment. The 0.5 however lines up with a strong area of horizontal support, making it a more likely candidate. A retrace till here could also potentially see a retest of the previously mentioned trendline (blue arrow). See the orange scenario. The 0.618 is below what seems as the strongest support. But in a scenario where we need to complete an inverted Head&Shoulders pattern, this area (or beyond) might also still come into play. See the red marks for the iH&S and the green scenario. So to conclude, it's more likely that we do a retrace soon, then for the uptrend to simply continue. If looking for a selling area, look at USD 2.50-2.70 and perhaps even at the gap at USD 2.85. If a retrace indeed happens we need to wait for price action to reach the areas mentioned above and wait for buy signals. If I'm wrong and the trend continues upwards, wait for breaking of resistance and the retest of this resistance.
NYSE:RIG
by duco1
RIG Brekout Stock AlertBREAKOUT STOCK ALERT $RIG - Transocean Ltd (Switzerland) Common Stock Initial Alert Price: $2.31 Potential Price: $3.82 Potential Gains: 65% Stop Loss Limit: $2.19 RIG is currently trading in a Continuation Breakout Pattern and working to break the $2.62 Levels of Resistance. If it does, then we expect this retest the $3.82 Level no later than March, if not before due to a catalyst or the Oil Industry finally getting a grip on Production Cuts to account for lower demand in regards of the pandemic. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today Follow for more trade alerts and information & egister your account for Instant Alerts by clicking the link in our signature.
NYSE:RIGLong
by MyMIWallet
RIG awaiting entry pointSo RIG has been on a huge surge upwards since the end of October, clearly creating some bullish momentum. Recently the major resistance of USD 1.60-1.80 has been broken upward. Now I'm looking for a retracement that will provide a good entry point. Both the 0.318 fib (which for now already has created some support around USD 1.96-2.01) and the 0.5/0.618 fibs are areas to watch. I'm inclined to say that the 0.5/0.618 fibs are more likely to be retested as they line up exactly with the former major resistance we recently broke (1.60-1.80 as mentioned before). But we'll have to simply wait and see where a clear sign of support will be formed and then enter the market.
NYSE:RIG
by duco1