$PD $PDS ( PRECISION DRILLING ) Mexican Pete rides the bull Ascending triangle pattern formed on the NYSE:PD chart. Strong volume profile, 1yr 3yr 7yr moving averages forming nicely. The chart is pretty much the same for the NYSE ticker
PD trade ideas
PDS $ ALERT Tuesday we need to hold above our current support the 57$+, and above our EMA, to confirm the reversal and continue to go to test the Resistant at 120$,
if we didn't hold above the 57$ support , we will be still in bullish trend as long as we hold above our ascending line which is above the 45$.
PDS - 2nd chance to stakeBroke up on strong volume on 11 Feb then retraced and retested this "resistence turned support" 2 days ago. Appears to hold which provided a second chance to stake at low risk for those who missed the boat on the initial breakup.
Keep a tight initial stop loss of about $2 below the support at $50.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
PDS: Ascending Triangle, ConfirmedAscending Triangle, Confirmed
Pros:
Descending Volume during formation
Volume at Break out
PPS above 50MA and 200MA
RS ascending and above 0
R/R ratio over 5
ATR ascending, more volatile
Cons:
200MA descending
250RSI below 50
Price target:
PT = 21.40
PD to hit 1.11 by October 14It seems as though Precision Drilling has been stuck at the 85-90 cent mark. It will likely hit 1.11 by Oct 14
PDS - Bullish Cup and Handle - Form Ascending Triangle - TakeoffAll,
The play here is simple lets see it either break with cup and handle or form an ascending triangle and breakthrough the top.
Precision Drilling Corp. up Afterhours $PDSPrecision Drilling Corp. provides onshore drilling, completion, and production services to the oil and natural gas industry. It operates through the following segments: Contract Drilling Services; and Completion and Production Services. The Contract Drilling Services segment includes drilling rig, directional drilling, oilfield supply, and manufacturing divisions. The Completion and Production Services segment involves snubbing, rental, camp and catering, and wastewater treatment divisions. The company was founded on March 25, 1985 and is headquartered in Calgary, Canada.
Precision Drilling Announces Asset Divestitures, Senior Note RedPDS: Precision Drilling Corporation
2019-03-18 06:00:00
Precision Drilling Announces Asset Divestitures, Senior Note Redemption and Provides International Contract Update - GlobeNewswire
PDS Detected possible contract awarded!!!PDS: precision drilling corp
2018-07-09 06:00:07
Detected possible contract awarded
Possible Bullish Shark Pattern in Precision DrillingPossible Bullish Shark Pattern in Precision Drilling
Trade within Channel-Price is trading within channel
-Look for rebound trade within the channel
-Target within Fib Extension level
$PDS (Bullish) - Break above Consolidation Wedge, MA Crossovers - Rising Wedge Formation w/ major resistance @ $9.33
- SMA (100,200) Crossover on weekly chart
- Resistance Level is @ the 50% retracement from the previous high/low
- First Price Target @ $11.16
- Second Price Target @ $12.82
- Sharp recovery of last weekly candle to finish above key moving averages.
