Hindsight; Buying RIG using macd, fib.Looking back, high probability positions buying RIG using macd and fib (50%). Following OSX sector, XLE. XLE/SPY.
Key stats
About TRANSOCEAN DRN
Sector
Industry
CEO
Jeremy D. Thigpen
Website
Headquarters
Steinhausen
Founded
1953
ISIN
BRRIGGBDR000
FIGI
BBG00DG9F7D8
Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland.
Trading Game. How they manipulate with priceImagine You buy a stock or business, that You think was undervalued based on the "circumstances" and that you think has great value. You bought this at 1$, during 2020 November alongside with the oil rally.
Nobody knows the price. Everyone has a price target... Imagine my price target was 7$ - base
Rig consolidates on Fib as Oil correctsOil is likely to be a huge player this year, the year after a tech run, value and certain commodities are likely to run. Rig has been on a major upswing since 2021. The stock meanders between two fib levels and has heavily consolidated here (.382). A colleague of mine pointed out Jan 2025 7$ calls a
RIG Transocean Options Ahead of EarningsAnalyzing the options chain and the chart patterns of RIG Transocean prior to the earnings report this week,
I would consider purchasing the 6usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $1.59.
If these options prove to be profitable prior to the earnin
$RIG short position Good morning,
The market has been in an interesting place recently. For now, it seems like pressure is on it for lower. Until proven otherwise. A potential good short opportunity for a stock right now is NYSE:RIG , aiming to reach $7.50 by end of October or sooner.
Note: Options position
The Rig "blue horseshoe loves the next 100 baggers to the moon"it's ike buying a pair of jeans .. and not using it
probably the next big thing when oil hits $100 or ARAMCO debuts soon
it's all a cycle for the benefit of the few greedy players
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notice the VOLUME underneath relative to previous years..
those whales splashing discretely while price at sub $2
RIG in a good uptrend move NYSE:RIG is in a good uptrend. All short term moving averages are above long term (200sma) moving average. It's also hitting Fibonacci 50% lvl.
My target is the supply zone between $14.15-$16.66.
Stop loss closing below $7.65 or for more flexibility close below $6.77
RIG (weekly)Rig weekly chart is at your disposal. You can see that this index has risen sharply from the bottom of the daily channel and the bullish candles are still strong, and this indicates the interest of buyers. And also it has broken its very important resistance level and also made a pullback and is rea
Textbook Golden Retriever Breakout, Next Stop: MoonRIG with a solid golden retriever breakout. Once in a lifetime pattern that could yield unparalleled returns.
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