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RIGS

Trade Setup for Transocean Ltd (RIG) on the Daily Chart:I have just about 2 key things to say here on this analysis. 1. Key Levels to Watch: We can see that there is some resistance at $5.32: This is a strong ceiling where the price has struggled to break through. If the price moves above this level with strong momentum, it could signal a potential breakout to the upside. On the other hand, there is a support at $5.02: This is a strong floor where the price has found support multiple times. If the price falls below this level, it could indicate a significant move downwards. 2. Trend Confirmation: If you are a fun of Linear Regression Line: Check if the line is sloping upwards or downwards. An upward slope suggests the market is in an uptrend, while a downward slope suggests a downtrend. Utilize the Moving Averages: Above MAs: If the price is above the moving averages (e.g., 21-period MA), the trend is likely bullish. Below MAs: If the price is below the moving averages, the trend is likely bearish. Happy Trading.
NYSE:RIG
by Deno_Trading
1
$CRK oil hedge 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Today my team entered oil company Comstock $CRK at $20 per share. Take profit is unknown but the set-up looks very promising. Entry: $20 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:CRKLong
by SimplyShowMeTheMoney
2
$ORIG POSSIBLE BULLISH SETUP for OIL ANGELS, 5th wave incomingOcean Rig UDW Inc.(NASDAQ:ORIG) $ORIG POSSIBLE BULLISH SETUP, 5TH WAVE ABOVE 0.75 INCOMING August 12, 2016 Shares of Ocean Rig UDW Inc. ORIG, were nearly halved in premarket trade Friday, after the oil services company said it would continue to explore reorganization strategies that could include bankruptcy given the continuation of "extremely negative" market conditions. The company said late Thursday that oil companies continue to reduce their offshore budgets, the floater rig market is expected to become even more oversupplied than it already is, and a recovery may not occur for several years. "We continue to explore and consider alternatives, which may include a possible reorganization under US bankruptcy laws or another jurisdiction, so that we can ride out this very difficult cycle with feasible prospects for strong, long-term success." The stock plunged 61% ahead of the open.
OLong
by Pandorra