It seems to me that the up trend is set. Check out the idea on Monday.
Trend Break + Bullish Momentum + Outside Bar + Volume Spike at Dynamic Support Level Price Target: 3.38 Options Trade: 6/19 3c
See a decent Cup, but a great handle heading in a bullish direction... lets keep it going!
I think it's obvious where the opportunity lies on this one. Still be careful. Gap up potiental.
NYSE:RIG Daily RSI trend in place. 200 EMA acting as support. Possible to continue or consolidate. Tradable, not an investment, a speculation on Oil (Brent)
Something to follow and See. Targeting an entry at 5.50 Looking to renter there. See how the price action is going. If it breaks through at 5.50 with ease do not enter. TRADE AT YOUR OWN RISK
Gapped above resistance, needs to stay above and break out of this area today or tomorrow. Staying bullish, next resistance is at $6.70-7.10 We would like it to break above the current triangle it is trading in. Lots of price protection here. There's no reason here for it to play around in this market range. It will either go above 6.45 or below 6.00 here in two...
Looking for a breakthrough at $5.60. Do your own analysis. This is simple stuff here.
EARNINGS: RIG (30/54) announces on Monday after market close; CRON (18/98), Tuesday before market open; and CZR (45/58) and IQ (22/64) on Thursday after market close. RIG Setups: Given its size (8.93/share as of Friday close), only a short straddle makes sense for a nondirectional play. Unfortunately, the March 9 only pays .96, making a 25% max take profit a...
BIDU (44/42), RIG (33/56), and TEVA (49/53) announce earnings this week, with TEVA looking for a March to April volatility contraction of about 15%, BIDU, approximately 7.7%, and RIG, 6.9%. Instead of looking to play these pre-announcement for a volatility contraction (the contraction percentages aren't that compelling), I'll look to potentially short...
Went long today. Oil looking stable to up to me. I think the correction likely over for this one. Target above recent high. Suggested stop on chart. Process your way.
Taking a play on the drop in Crude Oil prices and potential geopolitical uncertainties with a put sale in RIG which appears to be in a long term consolidation pattern Looking to sell a 52d 10 put for .64 to .68 this week
I am an oil bull fundamentally and technically speaking. In this forum, I shall stick to technicals and I see a wave 4 completion with a double bottom at the 61.8% retracement level off high volumes. Assuming a 1:1 extension off the 3rd wave, I would expect an upside price objective of $16, +c.26%.