bullish option flow detected after gp fil 3 calls and 2 put selljust imo watch for move back up. I dont suggest options as there expensive i suggest shares if playing
RIG trade ideas
Short $RIG on massive Dark Pool sellWe had a massive dark pool block this morning and RIG is down 15% right away from the open.
RIG and XOP seasonality show a steady decline after the June FOMC. This will not end well.
Stock Blocks
📈 $RIG ‼️ #PreMarket
📊 5,742,200 😱 ⚫️ #DarkPool
💵 2.62
💔 -0.02 | -0.76%
If RIG retest this level, great buying opportunityThe previous longer term resistance structure of 1.50-1.75, would now present a very good buying opportunity for RIG (if it ever reaches there).
There is still a gap there at 1.67 and RIG hasn't really created any structural support above this level, which increases the odds of falling back to this level.
Of course many FA factors can skyrocket RIG, but just looking at the charts there is this possibility for a great buy.
RIG - keeps chugging!Stock has tripled in less than a month. Behaving very nicely and it appears the reversal has legs. At FIB resistance but should push thru.
RIG Analysis Trend Break + Bullish Momentum + Outside Bar + Volume Spike at Dynamic Support Level
Price Target: 3.38
Options Trade: 6/19 3c
Ascending TriangleHello everyone,
Horizontal top with an upsloping bottom on NYSE:RIG . Breakout is upward.
If the price is breaking the horizontal top, price will continue to go up.
If it is not breaking up, then we are at the resistance and you should not buy.
Using Ichimoku we can see that Lagging Span is above the price plus the the current price is above the cloud and the future cloud is green.
Base line is also upward and the the Conversion line just crossed the Base line.
However if the price break the horizontal top, we must be careful about a potential premature breakout.
Happy trading,
5/26 RIG inv HS or AE bottom?From end of April:
5-3-5 Upwards
3-3-5 Downwards?
Possible IHS pattern, but volume was shitty after May 5th. IF IHS is valid, support should not break below $1.16 and ESPECIALLY $1.02.
Correction from top could be a 3-3-5, ending AROUND $0.95 to $0.85- FIB verified.
If correction completes around $0.85, this would be a perfect Adam and Eve bottom.
If support holds around $0.85, this name could launch 100%+ from the neck of the valley at around $1.65. Target of high volume break could be as high as $3.2.
Fib timeline 13(if am doen it rite) suggests June 15th or earlier as a potential bottom. Lucky #13?
I see $0.85 or below in this name and I'm going all in.
4h RSI shows possible HS pattern.
Daily shows 60 rejection but 50 support holding for now.
Still below my blue RSI line on both TF which is crucial multi-month support.
Above 50 MA on daily but 9 MA curling down.
May 18th rejection of .618 from $1.695, possibly starting a wave 1 impulse down for the beginning of a "C" wave.
Limit orders set for 5 contracts, $1 put at 3 cents per, 6/26 expiry 6% capital allocated on RobinHood.
Target is the giant gap that is currently below $1.01
This is an update from the following post:
This is my personal trade setup. I am making it public because I don't frankly care about ego ruining them anymore and my TV account is 28 days away from deletion.
We'll see if I decide to stick around or not. This trade will probably make or break my confidence tbh as I will no longer be trading BTC anymore.
$RIG - Transocean - Cup and HandleSee a decent Cup, but a great handle heading in a bullish direction... lets keep it going!
transocean is that diamond? 80_Perhaps a very rare figure is formed for a transocean called a diamond, all the goals are visible on the chart when making my forecast
Bullish FractalNot Financial Advise: Rig IMO is possibly repeating the fractal I have drawn in gold from the past (on the left). We see a similar low in the RSI currently, which is circled, then continues onward and upward.
RIG testing crucial multi-year supportFrom February 2011 until November 2016, a major resistance trend line has kept RSI well below 50. In November 2016, there was a minor breakout, which ultimately failed and re-entered bearish territory. Since August of 2017, the RSI has held above this trend line until this month.
After the RSI resistance breakout in late 2017, the trend line has been tested on 3 different occasions for support;
- February 2018
- December 2018
- August/September 2019
We are currently BELOW this trend line, but the monthly still has one full trading week left.
They say the more times a trend line is tested, the weaker it gets. Although I agree whole heartedly with that statement, it truly depends on the area you're attempting to trade. With investor sentiment currently in the toilet due to Coronavirus, there is an extreme amount of fear and a record number of short positions.
This trend line is now very very close to oversold. With price below it, it is in my opinion a very strong buy signal especially if accompanied by a hammer close.
On the most recent successful support re-tests, price wicked below and closed as a hammer, even after strong bearish pressure. Currently, RIG is only 00.08 points away from exactly 30 RSI. SERIOUS bullish RSI divergences are present in the daily, 2D, 2W, monthly, 2M and 3M charts.
There is especially strong bullish divergence in the MACD on all time frames above the weekly.
MACD:
RSI:
Monthly zoomed out
RIG - This Channel ThoI think it's obvious where the opportunity lies on this one. Still be careful. Gap up potiental.
$RIG Transocean reverses 30% after drop post earnings
After a initial drop of of 20% in the after hours the stock has now reversed and is up 16% pre market
Huge upside relief rally potential
$RIG Reverses 20% afterhours Transocean (NYSE:RIG) -5.3% after-hours following a larger than forecast Q1 loss and a 4% Y/Y drop in contract drilling revenues to $759M, primarily due to reduced activity related to rigs that were idle and lower revenue efficiency.
The revenue decline occurred despite a full quarter of revenues from the recently reactivated ultra‑deepwater floaters Deepwater Mykonos and Deepwater Corcovado.
Q1 adjusted EBITDA was $235M, compared with adjusted EBITDA of $223M in previous quarter.
Q1 revenue efficiency was 94.4% vs. 98% in the year-ago quarter; rig utilization 60% vs. 56% a year earlier.
Average dayrate for Transocean's total drilling fleet rose 2.7% Y/Y to $314.9K, with improvements in harsh environment floaters and midwater floaters but a decline in dayrates for ultra-deepwater floaters.
Contract backlog was $9.6B as of the April fleet status report, down 21% Y/Y.
"We recognize the dramatic decline in oil prices, coupled with the continued uncertainties surrounding the containment of COVID-19... will invariably delay the contracting activity that we expected in 2020."
RIG Cant Get To The Casino? Consider This Oil Name With BK RiskAs Always NOT ADVICE - If you are shut in and looking for a long term hold VERY deep value play down 9% this morning per market - but you'll be holding this name RIG a long time - it also has two potential out comes BK or it's a 10 bagger. This is NOT a stock to be trading. Good luck. #stocks #oil #trading #options #futures
RIG - behaving better!RIG looks like there is a change of character developing. After putting in a low of $1 it has started to slowly move up. It is slightly out of channel now but it has made a series of double bottoms and higher highs and higher lows. Has a lot of work to do but it looks to have filled a gap and created a third double bottom off the swing low and high just above the golden pocket. Not jumping up and down yet, but this could be a sleeper investment.
Did RIG suffer enough? The chart says the pain is over. If the company stays afloat and fundamentals seem to be ok this stock may skyrocket.
RIG - making short work of correction?After trading to $7.28 two weeks ago RIG is managing to dispose of its overbought condition quickly and orderly. I like the FIB support here and imminent golden cross for its next move up. Immediate rally target around $8.69 based on outlined impulse rally. May still need a week or so of backing and filling but we're getting close. Added some today. Patience.
