TRANSOCEAN LTD

Some chartist have observed that the RSI (14) tends to move in ranges. Notice in the daily RSI that the value until 2014 stays at or above the low range on dips. Then it goes way below the line in 2014. Some chartists would see that as a sign that the winds have chaged and a bear market may be starting, which it was. The high of the daily RSI never went ...

Triple bottom at all time low. Similar pattern to $KOL (coal etf) and steel/mining stocks bottoming last year.

Downtrend in Transocean Oil Stock

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Head and shoulders pattern, Rig is going to $26 (fill the gap) soon.

|RIG| using SQR geo pattern. **For study only** https://www.tradingview.com/x/bB6cV7Jb/ Cheers, Keops

Amazing base. Ready to rip to the 200 ema/sma weekly

Transocean arrives around a cluster build with a weekly support and the lower line of an uptrend chanel (in blue) It will be crucial to decide which direction the stock wants to take from now. I am in favour of buying the support. But be careful don't forget to place a good Stop Loss below, in case the market decide to go down.

The decision on the Waves

The decision on the Waves

Target 6,70

End of March I suggested a down target for this drilling company (see link below) which has now been reached. RSI oversold still with a positive reversal. Waiting for bullish candles.

I guess 15 on RIG is reasonable on rising UKOIL. Maybe 17...

Also see weekly chart. Could start up from here but I suspect there may be one more drop to a .62 to .78 correction before we hit "b" and the next up swing begins. When it does I would put the up target at about 20-25 where there is a lot of overhead resistance. Note positive reversal in the daily RSI. May be forming a bullish divergence to follow.

Also see Daily chart to follow. RIG is a offshore drilling company which as you see above has been in a long term downtrend esp with adequate oil supplies available already and oil prices down. It has made a recent bounce right up to the center line of the down channel. I favor there is more up correction to come soon perhaps up to the top of the channel. Some ...

Okay, here's a little different play than normal. With IV low across much of the market, I am looking at getting long a few beat up stocks with some synthetics. Trade Setup: +1 RIG Apr 21/ Mar 24 11/13 Diagonal @ $1.50 DTE: Short Call: 11; Long Call: 39 Max Win: If at $13 or above by Mar 24 - $50 Undefined if Short Call expires worthless Max Loss: ...

watching rig for breakout continuation off major support all time low

Industry: Oil & Gas Drilling & Exploration EPS due date: Feb 23 2017 Horizontal S&R: yes, $13 Channel S&R: yes MA S&R: no >200ma: yes Volume confirmation: should be EPS today Candle Confirmation: yes Stoch Divergence: yes Reg Trendline >85: yes, 94 Short Float: 18% We all know Crude is manipulated so if I trade this I will do very little size.