Trend trade on DO
Why I like this idea:
1. Strong, healthy bullish market structure(higher highs, lower lows for months)
2. Well defined channel
3. Obeying fib retracements well
5. Weekly pivot S1 as support at entry, s2 as support around stop loss
6. Confluence of fib retracements
Entry: 11.55
Stop Loss: 10:39
TP 1: 12.80
TP 2: 13:97
DO: Diamond Offshore Drilling, Inc.
2022-08-10 20:00:00 Diamond Offshore Reports Second Quarter 2022 Results and Announces $6.10 Million in New Contract Awards
Diamond off Shore Drilling
Are we seeing a downfall in diamonds - this could get worse for them as they are looking to become bankrupt file for bankruptcy...
According to a filing with the Securities and Exchange Commission, Diamond Offshore Drilling has elected not to make the semiannual interest payment on its 5.7% senior notes due in 2039. While that...
Diamond Offshore Drilling Inc fell by -1.84% on the last day ( Wednesday, 11th Dec 2019 ) from $5.98 to $5.87 and has now fallen 3 days in a row. During the day the stock fluctuated 5.34% from a day low at $5.81 to a day high of $6.12. The price has fallen in 5 of the last 10 days but is still up by 2.44% over the past 2 weeks. Volume fell on the last day along...
After consolidating for the past 6 weeks or so, $DO is ready to take off again. It is creating a cup and handle pattern on the daily chart and trying to break over the flat line on its weekly chart.
On the daily DO has settled into a neutral price channel. The red line is the long term price support base for the stock. If the bottom has not already occurred, it will somewhere around this price. The blue line is the breakout trigger price. A breakout above that price would suggest the bottom is in for DO and a long term bullish breakout is underway. The...
