Looking back, high probability positions buying RIG using macd and fib (50%). Following OSX sector, XLE. XLE/SPY.
Fan pattern, self explanatory. Message too short. Message too short.
Analyzing the options chain and the chart patterns of RIG Transocean prior to the earnings report this week, I would consider purchasing the 6usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $1.59. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward...
RIG with a solid golden retriever breakout. Once in a lifetime pattern that could yield unparalleled returns.
On the 4-hour chart, the trend started on May 3 (linear regression channel). There is a high probability of profit. A possible take profit level is 6.98 But do not forget about the SL = 5.41 Good luck! Regards, WeBelieveInTrading
RIG recently broke out of its bull flag. However, since then oil prices have fallen sharply, creating selling pressure for RIG. RIG successfully defended the breakout yesterday when oil prices were down 4%, but RIG has another test ahead of it today as oil has fallen another 3%. In my opinion, the downside risk from here is minimal, but the upside is tremendous,...
Goals 0.56, 0.49. Invalidation at 0.89. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that...
Its forming bullish patterns and volume has been good. All set for another leg up. SL 4.45.
Transocean Ltd. is shaping up to become a massive turnaround story with great upside potential. Youre betting on sustained higher oil prices here. The stock is still selling on cents on the dollar from its last high in 2008.
Transocean is a Swiss drilling company. At the moment, the price has broken through the descending channel up, fixed above it, the second wave has formed. The level of wave 1 is broken up at an increased volume. We can hope that this is the beginning of the third wave of the target for which 4.43 (17.4%) and 5.04 (33.8%).
NYSE:RIG Monthly Chart For investment The chart is for Long Term Target is Fantastic We hope so Good Luck For Holder ( Need Time )
Lets see if this new line holds and begins a trendline
wont time the market, but need to survive a deathcross now, hopefully hold this level; nice channel is created. With a near term PT at 5.60s. Could even finally be low risk above 4.50+. Must see what oil does on monday, after OPEC+ agreement today. I think XLE is close to bottom too. I think in a long term anything is possible. Cyclicals will boom, when dollar...
I think putting it in within such a 'channel', make sense. (It trades along with this "trend" (line, on top, since 2020), which is has never succeeded to break, yet). Expect it to follow this pattern in future (copy/paste the trend line). Follow the long averages. (The bottom of channel is "bottom" of 2020 crash; and end of the initial "reflation trade" rally)....
I expect a retest of $4.00, with a potential test of 3.83 support zone. This appears to be a critical zone. Stochastic RSI need to reset, which would correlate with the retest areas. Buy target = $3.83 - $4.00 PT = $7.XX
Transocean Ltd. (NYSE: RIG) The trend has change lately, Transocean also has attracted the attention of day traders on WallStreetBets.. The stock also has reacted positively to Transocean's agreement with Jurong Shipyard to accept deferred payment on the delayed delivery of two ultra-deepwater drillships. Their own insider director bought 15% more shares.....