Finally breaking out, or needs a re-test of $1.6? Watching.....
Nice r/r on this one if it can break its resistance...
In a Huge demand zone, less than the book value. Perfect buying price
20% of Seadrill Shares are short ...! That's a whole lot and now it starts to be quite dangerous for short sellers. At about 3.05 - 3.10 the first wave should start ... I would guess.
Possible buy position on seadrill limited when the price go back and rsi 2 lower than 50
A definite reversal has occured, it has room for a pull back, facing resistance between 2.71 and 2.96. If the 2.96 is even tested let alone breaks through then this should be fun to watch.
Compared to Brent the whole Offshore Drilling Industry had a miserable "recovery"... Presenting here Seadrill Group in comparison with Brent shows the upward target and the fair value would be around 24 (currently 9). From the chart the correction target from the rising wedge was hit almost on point and we should expect a reasonable upward movement. Remember: Fair...
After having reached my target of 1.92 the recent OPEC production cut will lead to a extremer short covering compared to March. Volume is SURGING! If non OPEC members confirm production cuts we will see SDRL soon above 12-15...
Will be watching price this morning for a potential breakout of the current bull pennant. Bull's favor: 1. Large buying volume recently 2. Golden cross formed yesterday 3. MACD near a bullish crossover 4. Medium-term trend is currently with us 5. Bull pole/Pennant pattern currently (15 Min) Bear's favor: 1. Negative divergence in MFI and RSI created...
I am thinking about paper trading a long position around this price point (2.97 area) based off a few factors. 1. Positive MFI divergence relative to recent price action 2. MACD nearing a bullish zero-line crossover 3. Of the opinion oil will be bouncing soon, SDRL should follow accordingly A few resistance points up ahead that will need to be broken through, and...
SDRL had a downtrend to support and formed a rounded bottom at support now seeing bulls buying in so this is a good set up to look for longs this week. For more information in joining my professional signals group or professional online trading tuition, Message me directly on Trading view or email me with the email address on my Trading view profile page ...
Right on the mark $3.7 $4.8, ER tomorrow.
LOOKING TO LONG SDRL FOR NEXT FEW WEEKS. WILL WAIT TO SEE SIGNAL.
Bullish Short-Term, Trade Cautiously: This post will come in two parts. The first I will explain the most recent trade I exited yesterday, 05/11/16 using technical analysis from the information provided the day prior; and secondly I will review the fundamentals of the company and speculate the short-term outlook into the next two crucial months that lays ahead. ...
ran before see our book on amazon on entering and when to exit- -thin cloud-stoc and mac good-cci and oercent r range above -above 50--price volume strong-money flow good-