Diamond Offshore - DO - Daily - Turning up from oversold buy

264 6
Offshore drilling has missed the rally in the oil sector this year. Now with plenty of fresh profits on the books in the oil sector, portfolio managers may lighten up on the winners and go bargain hunting in the discount aisle of the oil sector. Given all of the fundamental issues with rig pricing and weak estimates for earnings , the whole sector is low right now. DO is turning up from a base and has decent support right in this area from long term value buyers. Buy with 53-55 target in the next 1-2 months, versus 48.06 last.
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Does not seem to be doing well - any update on your view Tim?
I'm out of all the oil and gas stocks...
DO has been building here quietly. I still think it looks good and would consider publishing a new chart on it to highlight this trade setup.
2use timwest
Now would be a great time. it seems to be changing direction
DIAMOND OFFSHORE looks good to buy now
Agree 100% again
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out