Uptrending towards the SMA100 as well as
the POC of the volume profile
from the May-June consolidation. Earnings in
a month. A penny stock with inexpensive
options contracts. At POC possible bounce
into a downtrend or continuation.
- has options in September for $0.35 is now running 20+ % in a week
leading up to earnings in 4 weeks
-rounded reversal on one-hour chart with upside to resistance through
-OXY just beat on earnings and is doing stock buyback and so
competing with Buffet for that market share
- seemingly all bodes well for a stock or call option.
( I am up...
Borr Drilling Company has become very cheap once again. Considering the incredible rally in oil over the last year, BORR looks like an even better discount. The price action alone in BORR suggests to me that a bottom is being put in under 0.75. Regardless of my opinion, I have some tools and charts I can use to demonstrate why it is historically cheap and why I...
Bollinger band narrowing
Oil prices rising
In a strong support level
Although it continues to operate at a loss, it maintains contracts with several major oil companies worldwide.
Something tells me it won't stay that way for long.
Oil and gas continue to make new highs. But don't forget to keep an eye on OPEC+. That's the only thing that has me cautious right now. With a need for more infrastructure and in consideration of the reopening trade, my guess is energy sources will be needed. Regardless, a build or increased production globally could put a dent in this bull trend. Not sure if it...
I like BORR here technically. I might be willing to take a speculative trade just based on what my eye is seeing. I would personally consider setting several incremental price targets within this broadening formation.