Energy stocks score biggest rise in a month as OPEC+ cuts begin
Energy stocks closed an otherwise mediocre week in strong fashion, as oil traders who have grappled with concerns over the global demand outlook may finally see signs of tightening in the oil market.
Saudi Arabia and Russia started the week announcing fresh production cuts that will bring total...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 43.5/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
Noble Corporation plc is an offshore drilling contractor organized in London, United Kingdom. Its affiliate, Noble Corporation, is organized in the Cayman Islands. It is the corporate successor of Noble Drilling Corporation.
NE is testing a significant zone, currently. NE is expected to re-bounce from this zone.
NE Made New All Time High on Friday
Clean Text Book base Breakout
8 Week Long Base
Volume above 50 Day Average Volume
Institutional Ownership: 84%
Institutional Transaction Last 3 Months: 27%
Measured Target: 45
Noble Corp. (NE) shares have rallied together with other offshore drilling stocks on optimism about the economic recovery and the extension of current production cuts from OPEC+.
This is the "pre-bankruptcy rally" which will soon fade
Noble Corp.'s contracts have already suffered from the pandemic and there are no signs that the situation will get better anytime...
(In my opinion)
THIS STOCK IS SOLID AND NOT GOING ANYWHERE UNTIL NASDAQ COMPLIANT!
(NE) $1+
Top Institutional Holders
Blackrock Inc. 39,514,034 SHARES $10,273,648 M
Vanguard Group, Inc 19,695,102 SHARES $5,120,726 M
Top Mutual Fund Holders
Vanguard Total Stock Market Index Fund 7,133,017 SHARES $8,702,280 M
Vanguard Extended Market...
In my opinion
THIS STOCK IS SOLID AND NOT GOING ANYWHERE UNTIL NASDAQ COMPLIANT!
(NE) $1+
Top Institutional Holders
Blackrock Inc. 39,514,034 SHARES $10,273,648 M
Vanguard Group, Inc 19,695,102 SHARES $5,120,726 M
Top Mutual Fund Holders
Vanguard Total Stock Market Index Fund 7,133,017 SHARES ...
Confirmation: Traders can look to the volume indicator to see higher volume (greater conviction) in the move up. Additionally, divergence can be observed as the market is making lower lows but the rsi indicator is making higher lows – this indicates a potential reversal.
Disclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments.
Note: I am simply trying to increase the coverage that the company may or may not have by publishing an optimistic guess I don't know anything about...
I am pointing at this stock because the last monthly candle has recorded a historical monthly low since 1986!.
Would we have a bounce back to at least test this monthly S/R? Are we going to have more bearish levels?
In Daily, we have a bullish divergence on both MACD and RSI and a relatively strong volume on the last candle.
In H2, the divergence is...
Hi, today we are going to talk about NOBLE and its current landscape.
We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above.
Want to know more about our trades and ideas? Join the Traders Heaven today.
Thank...
Hi, today we are going to talk about Noble Corp and its current landscape.
Noble Corp is poised to receive increasing attention from the market as relevant events are taking place. The offshore drilling contractor named the industry veteran Stephen Butz as its new CFO, Butz previously was CFO at Rowan and Hercules Offshore and can represent a great change for the...
NE: Noble Corporation
2019-02-14 08:00:00
Noble Corporation plc Announces Purchase Of A Second Newbuild Jackup Rig To Support Concurrently Awarded Drilling Contract With Saudi Aramco
11/19 - OPTION PLAY *Queued, 2 contracts*
NE 11/23 4.50 CALL dip buy 0.09 (0.10)
IV 63.29% Volume 509 Open Interest 529
sell at 0.21 share price 4.65
I'm hoping for a play here. If i crash and burn, at least i made the jump. Why do i have faith in NE right now?
#1 MACD about to cross north
#2 RSI is basically at an oversold point
#3 $4.50 is very close to current...
