bigrediska
Long

Bullish divergence+ trend line support.

NYSE:DO   DIAMOND OFFSHORE DRILLING INC
69 7 2
Bullish divergence+ trend line support.

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bigrediska
Triple bottom.
bigrediska PRO about DO 1 2 years ago
2use
2 years ago
Interesting!
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bigrediska PRO 2use
2 years ago
Look balance sheet. It's very cheap.
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2use bigrediska
2 years ago
but why more than 50% discount?
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bigrediska PRO 2use
2 years ago
Sometime we'll understand. The main thing is that it wasn't too late.
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jangseohee bigrediska
2 years ago
There is surely a reason for being cheap, either technically or fundamentally, Mr. Market will determine the price direction. It might drop back to retest channel support before launching a retracement up :-) just my humble opinion
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menorad 2use
2 years ago
because oil got cheap, reduced oil exploration. market flooded with cheap oil.
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2use menorad
2 years ago
So indeed a short term jump may be in play... with a lot of reasoning in these markets. But in a long term dont see any reason to change direction...yet
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