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Transocean Ltd.

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Rig consolidates on Fib as Oil correctsOil is likely to be a huge player this year, the year after a tech run, value and certain commodities are likely to run. Rig has been on a major upswing since 2021. The stock meanders between two fib levels and has heavily consolidated here (.382). A colleague of mine pointed out Jan 2025 7$ calls and the open interest is huge. This more volatile play than XOM CVX OXY could provide massive leverage for a bet on oil prices increasing. Another run to the more important golden fib would make the calls very lucrative.
NYSE:RIGLong
by Apollo_21mil
3
The Rig "blue horseshoe loves the next 100 baggers to the moon"it's ike buying a pair of jeans .. and not using it probably the next big thing when oil hits $100 or ARAMCO debuts soon it's all a cycle for the benefit of the few greedy players -- notice the VOLUME underneath relative to previous years.. those whales splashing discretely while price at sub $2 is at rest -- thieves like to accumulate when no one is minding "we follow the money that follows the money folks...." -- all the best and best of years ahead...
NYSE:RIG
by senyor
18
RIG (weekly)Rig weekly chart is at your disposal. You can see that this index has risen sharply from the bottom of the daily channel and the bullish candles are still strong, and this indicates the interest of buyers. And also it has broken its very important resistance level and also made a pullback and is ready to continue the upward movement. We will see a good growth in this index. We expect the next resistance level to be the minimum growth , which we have drawn in white.
NYSE:RIGShort
by currenceland
2
RIG: At a crossroads, time to decideRIG recently broke out of its bull flag. However, since then oil prices have fallen sharply, creating selling pressure for RIG. RIG successfully defended the breakout yesterday when oil prices were down 4%, but RIG has another test ahead of it today as oil has fallen another 3%. In my opinion, the downside risk from here is minimal, but the upside is tremendous, creating a highly favorable r/r setup. If RIG is unable to defend the breakout today, I expect the stock will retest the lower trendline around $5.30, which I expect will provide strong support. However, if RIG is able to maintain the breakout even after oil falls 7% in 2 days, that would be a tremendous show of strength. I think it could go either way right now, 50/50, but I think the bullish interpretation is the highest probability at this time. It is possible that this stock could reach $20/share over the next 6-12 months.
NYSE:RIG
by TomDaSpankEngine
Transocean sinking like a ship in transit. RIGGoals 0.56, 0.49. Invalidation at 0.89. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NYSE:RIGShort
by Rykin_Capital
1