Bullish until $5.60 looking for a breakthrough for higher highsLooking for a breakthrough at $5.60. Do your own analysis. This is simple stuff here.
Trade ideas
Another attempt to long oil stocksLooking at oil stocks I see terminating structures that may result in a bounce. I will attempt to long the stocks with tight stop loss.
Oil stocks look bullishOnly today I made a post that oil looks unclear and now I think oil stock want to go up. Just look at the divergences, double bottom and overall bullish look and feel of APA and RIG. I will allocate 5% of my portfolio to these stocks 50/50.
PUT Continuing the downtrend we’ve seen over the years. With the falling wedge; price will hit around low 5s and bounce upwards to the mid 7.5
Expecting oil to bounce 2020/6I observe a consistent picture in many oil stocks that hint upcoming bounce in oil prices. Very speculative trade. Tight stop.
Pattern: no pattern. Buying on bullish PA/indicators/general market look&feel
Risk: 0,25% of total portfolio
Time horison: summer 2019
Exit strategy: selling in portions as price moves to 74.5 and bounces of MAs or oil price will return in a downtrend
I am bullish on this small-cap stocks I am bullish on this small-cap stocks .. We believe in buying small cap stock with great potential.. This one call for a bullish position trading strategy.
Mean reversion momo tradeCould get a small move to the upside here with a small hold timeframe in mind.
If momo is to follow through here wouldnt be a bad place to put on position with the risk defined.
Above the second purple level is constructive for a retracement higher.
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Energy sector has been a horrible sector to put your money in for some time though.
$RIG Transocean has to catch a break sometime. From a charting perspective RIG is really at a critical level, historically it has had a lot of false dawns and ended up falling out from these bearish rising channel, technical indicators are also all turning negative coming into earnings . The analysts covering the name have a average price target of $11.97 and a overweight rating, 20 analysts have a buy rating with only 3 sell ratings. A stock looking cheap does not mean it will not get cheaper, despite large contracts wins for RIG investors seem to selling any rips. We have set alerts for a break above $10 for a possible long.
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers drilling rigs, related equipment, and work crews; and ultra-deepwater and harsh environment drilling services. As of February 18, 2019, it owned or had partial ownership interests in, and operated 48 mobile offshore drilling units that consist of 31 ultra-deepwater floaters, 13 harsh environment floaters, and 4 midwater floaters. The company serves integrated oil companies or their affiliates, as well as government-controlled oil companies and independent oil companies. Transocean Ltd. was founded in 1953 and is based in Steinhausen, Switzerland.
Transocean Ltd. Announces Contract Award for Ocean Rig CorcovadoRIG: Transocean Ltd.
2019-03-11 06:41:43
Transocean Ltd. Announces Contract Award for Ocean Rig Corcovado and Ocean Rig Mykonos - GlobeNewswire
Transocean Ltd. Announces 5-Year $830 Million USD Drilling ContrRIG: Transocean Ltd.
2018-12-28 06:36:27
Transocean Ltd. Announces 5-Year $830 Million USD Drilling Contract for Newbuild Ultra-Deepwater Drillship
RIG: looks good to me. Going long 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.
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 week
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%.
$RIG Overbought - Shooting Star Doji Confirmed$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 11.60
