Transocean Ltd (Switzerland)

RIG NYSE

Bullishcalls

Rig completed the Cup June 8th which it started forming on March 10th. The Handle is about to get complete and I expect breakout starting next week. Target on the Chart. Goodluck Folks. LONG RIG

MrSmallCap

I put this RIG chart together earlier this month and it continues to hold true. No major consolidation just a channel trade with higher lows getting put in. With global shipping becoming a bigger point of interest right now RIG could be one to watch (assuming they don't do something stupid like raise money at a drastic discount). "the oil demand this year has...

Quantstreetbets

It appears that the bullish ascending channel has just broken down. I had expected it to fall to the lower end, then move sharply higher towards $5. I see 3 scenarios. 1. It could just keep moving sharply lower. 2. It moves side ways for the rest of the month against the higher trendline of the descending channeling that is being formed, then it either sharply...

MrSmallCap

RIG still holding a relatively clear channel right now. I think with the discussion on inflation it could get (and seems to have gotten) folded into the "inflation strength" conversation. "So, why exactly is Transocean a play for inflation? Well, as stated earlier, energy penny stocks have a great amount of demand to contend with. This demand increase could...

citsvar

ascending triangle; needs to beat 4.20; 4.50; 5.20 (2019 levels).

paris_7474

BUY

Collin08

Oil price is on the rise. People are out and about travelling for their summer vacations. Estimates predict that the price of oil could climb as high as 80 per barrel this summer.

DrFreshOne

Great swing candidate right now. Finished cup and handle Bounce on 20sma Bounce on 50rsi

citsvar

Believe, from here, it could either retest bottom of channel of 3.20-> bounce to rally. Or it consolidates before breaking above (a longterm downtrend); Or big volume, fire power shows up; bullish once breaking above 4.10-4.20 levels. TP at 5-5.20$ range, re-tests 4.20-4.50, before moving higher. Catalyst will be WTI and XLE/XOP markets. Fundamentally I believe...

Quantstreetbets

As expected with the strong momentum of oil RIG pushed out of the the consolidation period and broke out. it reached a high of 4.31, and pulled back to the new support level of 3.71, which was previously the resistance level. This is a perfect breakout, and pull back before it takes off. RIght now it presents a great buying opportunity. Dangers and cons: The...

xxtamedtacoxx7

Looking for rig above 3.91

citsvar

as long as WTI heads in right direction, MAs here are slopping up. Price Target 4.70-5$ by mid june. Multiple Resistances.

Quantstreetbets

RIG has lagged major oil players such as xom. Xom was able to breakout of the consolidation in the 55 range to be past 60 dollars again. RIG on the other hand has failed to breakout past the 3.71 resistance level. This is on the back of a major move in oil prices up. When oil was at 64 a few weeks ago RIG reached 4.5, but now that oil is at 65 its trading at 3.5....

vinen

Consolidation following healthy retracement, New MACD Cross on the daily with bullish divergences in Money Flow and Momentum. I like it long over 3.65 (clearing potential resistance)

citsvar

has gathered strength. PT 5.50$

AWDConservative

Easy double bottom. Strong day today setting up a strong break of the neckline. Stop based on Fid, Target set up at a 5 to 1 W/L setting. Stochs are primed. LETS GO!!!!!!!!!!!!!

citsvar

simple idea lol. lets go fam

Quantstreetbets

It appears that RIg is attempting to get out of the 3.70 resistace. Its made multiple attempts now, with the last one quickly being rejected. It appears the stock is moving slowly towards resistance, which should be enoug energy to smash through. Now it needs a catalyst. Oil was pushed down after europoors decided to go on lock down again. There was hope the opec...