For those that followed me in SDRL. Close final positions and take profits at gains of greater than 100%. Prepare to rentry at .20-.24 and hold for a long term gain.
You can also short with puts to (.50 puts)
This is a good trade to follow and for review read my prior to analysis for long term positions. This is better than crypto because it is oil, oil, ...
Sea Drill is in final stages of a restructure. Its one of the worlds largest drillers and has 13 new units under construction right now with another 5 units available for offshore operations now.
What do you think????? Buy or not to buy?
Hmmm....this will be interesting to learn the opinions of others!
Get deep on this!!!!!
This chart represents one of the top 10 Ocean Oil Drillers in the world. They are in bankruptcy and preparing final plans for the reorg.
This play reminds me of Delta after the 9-11 attack and their bankruptcy reorg.
This is a pure speculation play with a potential for a great reward.
t1 is 29.50 for as long as it takes.
My plan is to acquire 1500 shares ...
# Price marked up from previous low breakdown failure(less volume are interested to the breakdown).
# Mark up is supported by volume spike showing interest.
# RSI higher high. MACD lines up below 0, histogram converge.
# News: Restructuring plan.
1. If price gaps up high at pre-market or market open, I will cancel the orders and wait for a gap up ...
I HAVE BEEN HONESTLY CALLING THIS COMPANY FOR AVAILIBLE JOBS TO SEE WHATS GOING ON . BECAUSE IF THEY ARE HIRING IT'S SOMETHING. LAST WEEK THEY ANNOUNCED THAT THEY HAVE A PLAN TO FIX EVERYTHING THEY WILL NEVER LET THIS COMPANY GO EASILY BECAUSE IT'S WORTH ALOT THOSE MACHINES ARE VERY EXPENSIVE THIS IS A BASIC THOUGHT WHICH I BELEIVE OTHER THAN THIS STOCK YOU ...
I am sorry Folks I do not have any more time today to narrate this analysis. If you are having difficulty tracking along please send me a P.M. or better yet leave a comment so that it may help others who may have a similar disposition.
Speculation may be seen in the Short Position drawing on the chart. A 1:2 Risk:Reward.
SDRL forming a very nice fallen angel pattern with moneyflow divergence. It has broken out the moving averages with huge volume.
We think it has good upside potential from here.
* Trade Criteria *
Date First Found- July 25, 2017
Pattern/Why- Fallen angel pattern
Entry Target Criteria- Break of $0.55
Exit Target Criteria- 1st Target $0.64, 2nd Target ...
I like this level going into earnings on SDRL.. We bounced pretty hard at this level in the past and this stock can't go much lower. I'm playing the March 17th calls but you can do the weekly's also. You can buy the stocks but you have to be aware of the gap down. With options you can just buy your risk level.
Click on the 1 minute chart below in the comments!.
During a big run down, CoCoBars nibbled a couple times around 10:10.
Around 10:40 is when it hits on all cylinders, you got CoCoVol showing a large jump in independent volume, CoCoBars showing dark green independent price moves up and the CoCo Trend colors at the bottom turning from red to green.
At 11:26 is ...
Stock went down from very high price to $1.57. Consolidation in progress.
This chart show that a good company can have a bad stock... I think this is a corrective movement after hit the $1.57 ATL
Flat to the upside... so, I do give a bigger probability to the ABC correction rather than impusle wave.
This is a daily chart but count based on weekly. Let's see how ...
I know you keep smiling when you hear that phrase... We have a nice Cup&Handle Formation of Seadrill targeting 3.90. Different to the October Peak, higher prices are not yet used to sell (maybe will come). So, depending on Crude development in the next few days we may see a similar short squeeze as beginning of the year... But it seems Sentiment for Offshore ...