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
PLAYERS LIKELY TO PUSH OIL & GOLD TO CLOSE AT NEW HIGHS FOR WEEKLY CHART...
seekingalpha.com The above graph shows that among my three holdings in the industry, Noble, Ensco (ESV), and Transocean (RIG), Noble trades at the cheapest multiple... I expect the discrepancy between the improving industry fundamentals and still-depressed company valuation multiples to resolve some time in the coming months, and possibly violently if a short...
This is the kind of example that like me because immediately I recognize there is an opportunity here and I only draw a resistance line and this resistance line was broken. Now I only need to wait for a pullback or even buy now taking advantage of strong bullish sentiment in the Energy Sector and the whole Stock market in general due from Mr. Trump tax cuts The...
Retest after retest and no luck breaking the 200MA. Will this retest be the one to break? If the resistance is overcome a big leg up will likely occur! Position yourselves appropriately.
There should be light at the end of the tunnel...
upward channel with pennant pattern forming. Upward momentum on the 50 MA. Another double bottom pattern before target of +/- $5.02
NE does some crazy things. I'm learning the hard way to ride this stock's waves, because if we just take 10 steps backwards, we can see the big picture, and the big picture looks very good
This chart is less bullish than my last chart but shows the same target in early 2019. Last chart:
NE investors need patience and luck but should be rewarded eventually.
NE (Noble) is near to long term support zone. NE will breakout at upside the descending channel pattern.
I want to be more optimistic but this may be the reality... I rate this probabilty of this setup comes true at 35%.
RIG and NE both up quite a bit today.