Bullish divergence+ trend line support.
Doing some chart analysis, looking at the monthly and weekly time periods, and am liking oil / drillers on this setup. Particularly DO stock as they pay a nice dividend while i hold. What does everyone else think about this company?
I think the movement will continue within the current trend.
I hope now it will be the same strong support.
The same pattern means the same result?
The upper bound, it seems, too, will be broken.
The chart is on key point. Just above the baseline of Bollinger, just above the Ishimoku cloud bound and slightly above the pivot. Small turn will mean a fundamental change in the situation.
This chart and stock is timwest idea. I would rather to buy it higher but safer. there is a good risk reward ratio
Long term general commentary, this dog has been in a huge bear trend, it tried to break out in Apr, failed and is testing now...So I plopped the Ichimoku Cloud on top and sure enough, a great potential setup here... 1. Got a test of the lagger line (reference: bear hook) 2. Got a test of the standard line against the bottom of the cloud. 3. Analysis by Tim also,...
Offshore drilling has missed the rally in the oil sector this year. Now with plenty of fresh profits on the books in the oil sector, portfolio managers may lighten up on the winners and go bargain hunting in the discount aisle of the oil sector. Given all of the fundamental issues with rig pricing and weak estimates for earnings, the whole sector is low right...
Do i get it close to 50 or should i chase.. The whole keystone sludge sickens me, drill ofshore.. DO
Love how the monthly is trying to hold the $44 level. Stochastics rounding up a bit. March put in a nice bullish hammer. I would go long over the March highs of 48.87