$RIG 30% Upside for TransoceanTransocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleet such as ultra-deepwater, harsh-environment, deepwater, and midwater rigs. The company was founded in 1954 and is headquartered in Steinhausen, Switzerland.Longby DEXWireNews4
RIG: Descending Triangle, ConfirmedDescending Triangle, Confirmed Pros 200MA descending PPS below 50MA and 200MA ATR descending, less volatility Broke support with lots of volume 250RSI below 50 RS below 0 and falling No support below the current level Target price If downtrend continues, could become fractionnalShortby LeLaf2
RIG if pattern confirm OP up to $5Cup and handle pattern still on the going, but I change the objective price up to $4.9X to $5.06 MACD confirms the bearish movement, so we can expect the price goes lower, also StochRSI shows that we're on the bottom of the oscillation, so we can wait a few more days for the rising movement and the probabilty of a bullish trend if C&H pattern is confirmed. I think we can achieve the objective price before the next earnings results on august 2nd. Anyway: this is not an investment advice. but I'm in and I'll wait to see this. I think this is the same pattern for (with different objectives of course): NASDAQ:CDEV NYSE:CPEEditors' picksLongby v2c_chaUpdated 12
RIG - ready to move?Looks like it! RIG is bumping up against key resistance and a break should bring some higher prices and possibly an attack of the $3.82 high from three months ago. Watching closely!Longby BobbySpa773
RIG - onward and upward?RIG is starting to perk up after holding its breakout area around $1.75. It held at the golden pocket marked by the $.76 low and recent $3.82 high. That high represents resistance that will take a little more consolidation action before a definitive push thru. The first attempt was parabolic and if you owned this in size for the $1 it traded at for better than a month you made out in spades. BTW it's $2 now and looks to me like there may be better times ahead. Targets galore on the chart but that $3.82 is the number to watch. A good push thru there and we're back in the original yellow channel that was the start of what looked like yer beginning of the next bull market for the stock. Same story big debt but they've got contracts going out 11 years. BK always a possibility but Transocean has been around for a long time and has been thru a lot. I remember when LVS traded down to a dollar and you looked at it and said it was a back up the truck moment back in 2008. IMO RIG should continue to move onward and upward and survive coronavirus. The only question is how big a truck. Longby BobbySpa554
$RIG Transocean up on a down day, Nice reversal setting up as the stock found support on the Fibs The 100ma is now support and could help send the stock on a nice run higher Indicators also reversing Longby RedHotStocks10
$RIG Transocean Bullish Reversal 30% potential Stock has found support on Fibonacci Golden pocket 100ma is also reclaimed as support. MACD reversing from Zero-line Histogram ticking higher 30% upside potential PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.Longby Bullishcharts1147
$RIG Transocean Ltd Reversal Potential Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleet such as ultra-deepwater, harsh-environment, deepwater, and midwater rigs. The company was founded in 1954 and is headquartered in Steinhausen, Switzerland.Longby DEXWireNews12
RIG long above 1.96Look for a short squeeze to 3.75 at least. I dont like that it broke 61.8Longby tradermike773
$RIG Transocean Ltd Bullish Reversal MACD and Histogram bullish. Oil back above $40 Deep reversal complete Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleet such as ultra-deepwater, harsh-environment, deepwater, and midwater rigs. The company was founded in 1954 and is headquartered in Steinhausen, Switzerland.Longby RedHotStocks16
$RIG Bullish reversal targetsTransocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleet such as ultra-deepwater, harsh-environment, deepwater, and midwater rigs. The company was founded in 1954 and is headquartered in Steinhausen, SwitzerlandLongby DEXWireNews1115
Let's get a lookIt seems to me that the up trend is set. Check out the idea on Monday.Longby kamilongusUpdated 8
RIG, what if... c&h pattern?I was trying to understand the price movements and this idea appears, what if this is a C&H pattern? }(I'm not sure at all, it's so early) in that case we can project an objective price above $5.86, I'm not shure when but maybe by mid-august, of course if the oil prices still up. This is not an investment advice.by v2c_cha114
bullish option flow detected after gp fil 3 calls and 2 put selljust imo watch for move back up. I dont suggest options as there expensive i suggest shares if playingLongby SwingBatter124
Short $RIG on massive Dark Pool sellWe had a massive dark pool block this morning and RIG is down 15% right away from the open. RIG and XOP seasonality show a steady decline after the June FOMC. This will not end well. Stock Blocks 📈 $RIG ‼️ #PreMarket 📊 5,742,200 😱 ⚫️ #DarkPool 💵 2.62 💔 -0.02 | -0.76%by mortdiggiddyUpdated 1115
If RIG retest this level, great buying opportunityThe previous longer term resistance structure of 1.50-1.75, would now present a very good buying opportunity for RIG (if it ever reaches there). There is still a gap there at 1.67 and RIG hasn't really created any structural support above this level, which increases the odds of falling back to this level. Of course many FA factors can skyrocket RIG, but just looking at the charts there is this possibility for a great buy.by duco16
RIG - keeps chugging!Stock has tripled in less than a month. Behaving very nicely and it appears the reversal has legs. At FIB resistance but should push thru.Longby BobbySpa4
RIG Analysis Trend Break + Bullish Momentum + Outside Bar + Volume Spike at Dynamic Support Level Price Target: 3.38 Options Trade: 6/19 3c Longby itsCblast114