+ side way price movement under lower than avg. volume - upper shadow on today's break out bar + very high volume supporting today's break out bar - failed break out registered back in early Sept. : 1st Target at mid-$19 : 2nd Target at $22
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...
Key reasons for taking a position: Triple RSI divergence, with lower low price made for every higher highs in RSI Velocity of the crash is getting steeper by the day! 77 degrees Price is close to the 2003 support lows. Take your time in building a position gradually over time, as I'd still want to wait for the final indication to go all-in for a...
Diamond Offshore Drilling Inc sell stop 21.93 stop loss 22.33 profit trgt 20.62 Safe Trades; open.spotify.com spotify:track:3SNT4uhT3ivMkGAY3ZVpOv
Just looking at the charts. DO's long term shareholders, had long term pain from the past recession of 08'. Is it time for the trend to reverse? I see support @ $15 to $20. Does anyone else see any value in offshore drillers?
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...
Diamond Offshore's weekly chart showing 2 potential outcomes for May options expiration: 40 bucks or 23.50. Catalyst? Earnings on the 4th of May. The pitchfork pivots are clear as is the intersection of the midline with resistance at 40. Haglopian line pretty clear and would mark a new low. Also clear is the current price box between 30.60 and 29.06 (found...
DO expected to open at 31.40 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com
My thoughts are that oil will still be a valuable energy resource, and this article shows that offshore drilling is still in demand, positive news for the company that I am following. It has a good dividend and strong long term holders. I may be adding more to my energy portfolio in the future. "Obama administration opens up southern Atlantic coast to offshore...