Expect this stock to be around $10 sometime next year. Start buying now incrementally.
$RIG has been on walls st radar since CEO Thigpen purchased even more shares in the summer of 2021 to become a part owner, He predicted the Oil price boom. The stock price is below the $5 mark which is why Wall st funds haven't piled in, The price has frustrated retail traders as they have been waiting patiently. The key here is to stay invested until the true...
Downward channel breakout in uptrend. Inverse head and shoulders pattern at volume profile POC. Consolidating around 20 SMA. Positive fundamental and macro trends. Insider buying.
Judging by the news there is a momentum behind embargo talks and my charts confirm that. Therefore I consider RIG to be a buy opportunity with xxx% potential with price travelling beyond 2008 high eventually.
All within 1.618 we are looking for a continuation pattern that is comparable to what was seen previously in this 1.618 zone 1.618 has been an obvious support level for price Lets see how it evolves
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Trade Idea: BUY Transocean (RIG) Levels: Buy at current levels ($4.71) or better Stop: $4.23 Target: $6.22
transocean might be the rock star this season as oil is on demand
Its forming bullish patterns and volume has been good. All set for another leg up. SL 4.45.
Goals 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...
Just a cheap little midcap play. Wouldn't really do options on this. Small daily breakout. Oil's been pumping (haha) nonstop so maybe it's got a little juice left in it. It's trading at a decently fair value right now so I don't expect any major runs on this. But could be something to park some cash in for a while if waiting for broader markets to move
need to get up over the wedge retest then go higher other wise it fails and we find support again this one is whippy. does not track well in price movement, rsi seems to work .
Bit crowded but essentially we are finishing wave 4 of a leading diagonal. Also have the bearish count of breaking 3.2
Almost going to break down here...on watch. I wanted to play the upside but this is barely holding on here.
Going to still play this to the upside for now, even though you could probably play a straddle here while it decides a direction. I think the oil play is coming for a winter move
Nice pop, little pull back intraday. If we break out of this triangle, 11/19 $4's at $0.09 look reasonable
Could try next week $4.50's at $0.07 if you want to take a flier. Will do a little more research tomorrow.
Not too shabby of a sequence, have a high probability pattern in play, good r:r for this position lets see how it plays out in the following week