Transocean Ltd. - turnaround story with 10x+ potential (Inv.H&S)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.Longby JaceStryker9
$RIG might be early but...Trying some 10/15 $4 calls here, got three week to wait for a day that pops then I'll get out....by UnknownUnicorn3924154333
$RIG on watch...my start an entry...This one is one I added to my watch list, really like the set up and if oil prices rise into the winter...by UnknownUnicorn39241543
RIG (Transocean Ltd.)Transocean LTD., formerly Transocean Inc., is an international provider of offshore contract drilling services for oil and gas wells. The company offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and project management services, as well as explores, develops, and produces oil and gas resources. The company is based in Houston, Texas. Analysis: This company still has to show me that they can lower their operating expenses. It seems to me that most of their money is being tied up in making sure they keep their physical assets in working condition. On the Daily TF, I see price has broken out of a long downtrend and is currently over bought. I want to see where price is at once the previous low is retraced. I also want to see what their next quarter or two looks like. Im holding off, but im watching this closely. Potential top performer in a failing industry. Oil and Gas Drilling. I'm going to dig into their website to see if I can get a deeper understanding of where this company can go down the line.by Redimere_910
Breaking the channel up in RIGTransocean 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%).Longby rvasilchenko3
$RIG Target 4.62 for 24.19%$RIG Target 4.62 for 24.19% Rig is taking off, y’all… Longby SPYder_QQQueen_Trading777
Transocean RIG Monthly Chart NYSE:RIG Monthly Chart For investment The chart is for Long Term Target is Fantastic We hope so Good Luck For Holder ( Need Time ) Longby yalahmadi1
lot of work to do.pointless to try predicting what markets gonna do; it will be sum of dollar falling/Crude oil rallying, 10Y behaviour (value vs growth performance), etc. Also IWM performance (fueling small caps), etc. Anything is possible. Longterm probably people underestimate the energy crisis/shortages, look out what changes after labor day?Longby citsvar0
RIG offer opportunityRIG had today a big drop, due releasing bad financial data. I think this is over reacted and offers a nice long opportuntiy. I assume the price will head back to the VPOC, see chart above. Longby TradeandGrow6
$RIG to 11 EOY$RIG to 11 EOY - will create 7 year base. will complete 3 year cup. will handle come in FY23 . what would cause spike to $18. $18 would be $15B+ market cap. At 8.5+ above 7 year vwap.Longby Janus-AugustineUpdated 3
wont time itwont 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 falls. doesnt have to happen near term though. Longby citsvar4
RIGbig red day for oil, mostly selling on news of the OPEC+ meeting not coming to an agreement. This IMO is actually positive because without an agreement to produce more fuel the supply of oil will stay the same and demand will continue to rise. I think this is actually a great day for oil because now it has more room technically to move up by jakerobertson991
RIG Important ZonesI 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.XXby avlncoUpdated 1
RIG : Transocean will get this huge bull runs.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.. this is ridiculous.. As an ex-offshore worker, I do know some of the big whales behind the company (Other company) They just sit tight quietly, and can suddenly buy a new ship or anything in one snap.. just like that.. and sell it back in no matter of time.. Back to the chart, the trend has change positively and resisting to fight back with all the resistance. Along with the demand and oil price are growing back, TransOcean can easily back on track on the upper side. Perhaps in the year 2022 starting May it will on the new HH on the chart. Foresee it will easily reach $ 6-8 in the nearest months. Will update time to time with this bullish trend. RLongby SL-TradesUpdated 0
RIG raising the bar on FibsHad to update my Fib setting today on RIG after this last move. With oil and gas still taking center stage, reopening stocks seem to be pivoting around energy. Still, from a longer-term perspective, there is still plenty of ground to make up from its previous drop. "At least in the near term, oil and natural gas will be needed to help fuel the equipment & industrial processes needed to create this brand new infrastructure. This is where we see companies involved in everything from oil and gas production to transport becoming a focus in 2021." Quote Source: Best Penny Stocks To Watch Now? 10 Top Epicenter Stocks For Your List by PennyStocks1013