Get started
deepiceman

$DO Cup and Handle Daily & Weekly Flat top

Long
Diamond Offshore Drilling, Inc. (NYSE:DO)  
deepiceman Updated   
NYSE:DO   Diamond Offshore Drilling, Inc.
Trend Analysis Chart Patterns
1
0
trendanalysis chartpattern
After consolidating for the past 6 weeks or so, $DO is ready to take off again. It is creating a cup and handle pattern on the daily chart and trying to break over the flat line on its weekly chart.
Comment:
The last couple of days the complexion has changed and it is now putting in a bearish engulfing candle on the weekly chart. This might need more time now to regroup itself.

Related Ideas

deepiceman
$DO Weekly big area coming up
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.