Bullish Trade of the Week Selling a put in RIGTaking 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 weekLongby TransitMan2
RIG: Potential 5th wave for 26% upsideI 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%. Longby WellTrainedMonkey4
RIG : One leg down till 11.40Seems we reached upper channel region. Now back on short sideby darth.stocksUpdated 2
transocean RIG : short till 10.50-10.70Next Buy Opportunity coming... A long term investment.by darth.stocks1
$RIG Overbought - Shooting Star Doji Confirmed$RIG saw resistance just above $14, appears to be over-extended and due for pullback. Should be good for at least 5-10% downside move in the short term. Target 12.60 then possibly 11.60Shortby Triple_Barrel_Capital113
RIG - Prepare for take offFrom Wykhoff P&F the first target should be 21-22 ... Longby darth.stocksUpdated 1
Bullish Oil Futures = Energy Companies #18 (RIG)Timing: Pay attention with this explanation: The first week of February the Dow Jones dropped 1,175 points and the major indexes too. When a situation like this happen is a good opportunity to buy stocks at discount but not intermediately Not the next day or the next week, it is necessary to wait a few months for things to calm down. If you look the SP 500 for example or the Russell 2000 too you can appreciate that the week than the market dropped did a support and one month later the market dropped again and did a support in the same level at the end of March and a pattern began to take shape (a triangle with the same level of support) and now (May 01 to 15) this pattern is already broken. and the major indexes are bullish in this moment. And what does this mean= synchronization or timing For a swing trader the synchronization with the major indexes is very important because. You can not afford to keep open positions in negative territory for months, waiting for things to improve. And the other aspect to watch is that Crude Oil Index is Bullish too. The idea is a triple bottom look the arrows (Support=Blue Arrows) (Resistance=Red Arrows) Longby Alex_Quiroga4
RIG: F/U on offshore drilling. Looking good.This is a follow to my posts from Jan 3 and Feb 8 (please see links below). Now have a big up day and a positive reversal in the daily RSI. Very encouraging. WTI another offshore stock also up a lot today. Take a look at these and process your way. Here is one view of the fundamentals. seekingalpha.comLongby goodguy7
nice head & shoulders with 3/4 pullback Head and shoulders with 3/4 pullback to the 61.8 retracement. This is conjunction with the underlying trend. Shortby zeverette222
RIG-Looking Good for an EntryRIG-is looking good for a long play...short-term it is crossing over on the MACD and with US drilling news from the US govt....Offshore RIGS are on the move. I look at this level for 1 and 2 year leaps at this price with targets of 15, 30 and 45 over the next two years. Complete your own assessments and conduct your risk profiles. My chart and plan are my own and any other party that trades with this information does so at there own risk....Longby ramonbenavides12Updated 3
RIG Could Double in 12 MonthsRIG Could Double in 12 Months, or even sooner.Longby coolinglaUpdated 112
Rig. Support close? My previous post (see link below) played out well. We are now at a .62 retraction and have potential positive reversal in the daily rsi. But there is a small gap at the .78 level. With oil droppping it could move down further to close it. It’s a good time watch the price action closely. Feedback appreciated. by goodguy226
RIG - weekly chart - In the middle of a bullish channelWeekly chart. Prices are in a bullish trend. Target medium trend are 12.75 - 13.87 - 16.35 Invalidation only if prices comme back below 9.25Longby stoneja1
Off shore drilling:RIG. Bottom in?I think likely. I’ve taken a small long position. But we may get a better price to add to that or reposition depending on your time frame. Notice big uptick in volume on the weekly chart at what I think is the bottom. Process your way. Longby goodguy4
RIGTriple bottom at all time low. Similar pattern to $KOL (coal etf) and steel/mining stocks bottoming last year. Longby PKAUpdated 2210
A divergence bet on oilSee chart for details --------- Brought to my attention by PKALongby gumbtgUpdated 888
TRANSOCEAN LTD (RIG) Long TradeLong term position in TRANSOCEAN was initiated on 27.08.2017. The Stop of this trade is below 6, but I am willing to keep this trade as long as needed and possibly to reevaluate stop if necessary. Current Risk/Reward is 1.5. We are betting on the stabilization of oil prices and good chances the oil fracking industry will survive and the best companies will prosper in near future. The macro bet is on rising inflation and possible rise in Oil prices as well. Additional support is the extremely low financial valuation of this company.Longby auroraspot1