Spot shares 5.26, stop at 4.31. Far stop, immense upside at a 31.33 R/R. Playing three price gaps, highest targeted at 32.44.
ESV looks like is starting the fifth impulsion wave, already gone through the 0.382 and 0.618 retracements of the previous high. Using both the levels of 1.618 retracement and 1 extension, my guess is that ESV will be trading in that range short term.
Badly beaten down. I see this as a higher risk/potential higher reward situation. Process your way. Idea from excellent chart of Alex_Quiroga: www.tradingview.com Credit Suisse gives it a "outperform" with a target of 6 Other: seekingalpha.com
The pair is in a corrective move. Possibly W-X-Y double three.
Diamond Offshore Drilling broke down the 24 USD level in July and since then the stock has tried to break through this level on the upside for 5 times. However the level proved to be strong resistance. Now the stock is testing this level for the 6th time and there seems to be more strength to the upside. Current risky setup where the stock bounced off the 50 daily...
As Swiss franc is exposed to events in Europe (high correlation to EUR) plus negative interest rate that will likely increase, ie becoming more expensive to store funds in CHF, Swiss banks will likely become less and less of a safe haven as other currencies become more attractive or even perhaps Gold. Also, don't forget with new tax and bank secrecy laws,...
Guaranteed it's easier to pull offline land drilling oil rigs then it is multi - million dollar offshore oil rigs. This resource was endorsed today by the president, mentioning that oil, will still be a valuable part in our economy. The offshore platforms can also be converted & be utilized for offshore wind projects for renewable energy. I lost count of how many...