New PositionLower risk entry on one of the most likely companies to ride out the coming energy supply shock.
TOJ trade ideas
$RIG might be warming up here...Could try next week $4.50's at $0.07 if you want to take a flier. Will do a little more research tomorrow.
RIG Buying pressure coming in Not too shabby of a sequence, have a high probability pattern in play, good r:r for this position lets see how it plays out in the following week
RIG LongWedge breakout + revisit trendline
Entry 3.8
Stop 3.4
Target 5.1
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
$RIG I'm still watching you...We all need some green in our lives right now, energy/oil are doing the job. Still looking for RIG to take the next leap
$RIG back in for 10/15Trying some 10/15 $4.5's at $0.06/$0.07. I still think the oil play is valid short/medium term into the winter.
$RIG didn't want to lose profits...Got a great move to start, out for now with plenty of profits from the first move, will check back later
$RIG pushed calls out...Made 140% on the October 15 $4 calls, now looking at $5 calls for Nov 19, currently at $0.24
Transocean Ltd. - turnaround story with 10x+ potential (Inv.H&S)Transocean Ltd. is shaping up to become a massive turnaround story with great upside potential.
Youre betting on sustained higher oil prices here.
The stock is still selling on cents on the dollar from its last high in 2008.
$RIG might be early but...Trying some 10/15 $4 calls here, got three week to wait for a day that pops then I'll get out....
$RIG on watch...my start an entry...This one is one I added to my watch list, really like the set up and if oil prices rise into the winter...
RIG (Transocean Ltd.)Transocean LTD., formerly Transocean Inc., is an international provider of offshore contract drilling services for oil and gas wells. The company offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and project management services, as well as explores, develops, and produces oil and gas resources. The company is based in Houston, Texas.
Analysis:
This company still has to show me that they can lower their operating expenses. It seems to me that most of their money is being tied up in making sure they keep their physical assets in working condition. On the Daily TF, I see price has broken out of a long downtrend and is currently over bought. I want to see where price is at once the previous low is retraced. I also want to see what their next quarter or two looks like. Im holding off, but im watching this closely. Potential top performer in a failing industry. Oil and Gas Drilling. I'm going to dig into their website to see if I can get a deeper understanding of where this company can go down the line.
Breaking the channel up in RIGTransocean is a Swiss drilling company.
At the moment, the price has broken through the descending channel up, fixed above it, the second wave has formed. The level of wave 1 is broken up at an increased volume. We can hope that this is the beginning of the third wave of the target for which 4.43 (17.4%) and 5.04 (33.8%).
Transocean RIG Monthly Chart NYSE:RIG
Monthly Chart For investment
The chart is for Long Term
Target is Fantastic
We hope so
Good Luck For Holder
( Need Time )
lot of work to do.pointless to try predicting what markets gonna do; it will be sum of dollar falling/Crude oil rallying, 10Y behaviour (value vs growth performance), etc. Also IWM performance (fueling small caps), etc. Anything is possible. Longterm probably people underestimate the energy crisis/shortages, look out what changes after labor day?
RIG offer opportunityRIG had today a big drop, due releasing bad financial data. I think this is over reacted and offers a nice long opportuntiy.
I assume the price will head back to the VPOC, see chart above.
$RIG to 11 EOY$RIG to 11 EOY - will create 7 year base. will complete 3 year cup. will handle come in FY23 . what would cause spike to $18. $18 would be $15B+ market cap. At 8.5+ above 7 year vwap.
wont time itwont time the market, but need to survive a deathcross now, hopefully hold this level; nice channel is created. With a near term PT at 5.60s. Could even finally be low risk above 4.50+. Must see what oil does on monday, after OPEC+ agreement today. I think XLE is close to bottom too.
I think in a long term anything is possible. Cyclicals will boom, when dollar falls. doesnt have to happen near term though.
