NE trade ideas

coolingla

NE Might Get Stuck in Consolidation for a While, before heading up again. Longs should hold and wait.

coolingla Updated 

My previous chart was rushed and while the setup may be possible, it looks strange (the time and scale don't feel right). Here is a more plausible view.

coolingla Updated 

The general market is under pressure so NE Longs Need to be Patient.

coolingla

Sentiment is getting better but OPEC has to cut.

PKA

Bars pattern based on historical price action. Long.

coolingla Updated 

Windows Dressing sellers already sold. Now the buyers slowly but steadily come in. Ne has become a safe bet now. Good for long term entry.

coolingla

I bought some NE and RIG calls today. You may not want to buy but you definitely don't want to sell. Worse thing that could ever happen to longs is to sell at the very bottom. Today or Monday could be the bottom of NE. Probability? I say 70-80%. Why? Earnings is really bad but selling pressure was not that great amidst a down market, down oil day.

coolingla

NE short term is going to $6.9-$7.0, then fade till election. Long term trend remain unchanged.

nxristos

NE Long

Livin

NE is nearing that 6.50 resistance line, with nice volume accumulation. watching for the breakout soon!

PKA

We've seen a bottom. Likely will go to 15-20 long term.

Channibal Updated 

- Failed break-out about 2w ago + Prices retraced back and moved sideway since + Had a mini (almost hidden) break-out on 21st with higher than avg. volume + Prices has since moved sideway again painted multiple narrow range bars + Today's break-out bar closed strongly supported by very high volume + Fast EMA crossing upward, piercing through today's bar : First...

coolingla

NE's chart pattern is different from that of RIG's but the outlook is similar.

PKA

2x ev/ebitda. Healthy cash flow. Better than SDRL or RIG imo.

NaughtyPines Updated 

Bought shares at 6.07; sold the Sept 30th 6.5 call; filled entire package for a 5.78 db; max profit $72 (if called away at 6.5) (12.5% ROC).

TimZhang

This stock shall go higher.

nxristos

Long NE

skhan

Very good discount price at these levels for Noble Corp. Fundamentally the stock has a very good debt to equity ratio (less than 65%). 1.3 bn USD of current assets (30.06.2016). Book Value per share is at 30 USD (30.06.2016), so a discount of X5. The stock is trading at 5.90 usd. With the price of oil at 50 - 60 for 2017, the stock could have a very good upside range.