Long DOLong DO, offshore driller owned by Loews. Most bullish offshore chart. Holding tenken-sen on the weekly.Longby PKA4
NE - Long - Swing+ side way price movement under lower than avg. volume - upper shadow on today's break out bar + very high volume supporting today's break out bar - failed break out registered back in early Sept. : 1st Target at mid-$19 : 2nd Target at $22Longby ChannibalUpdated 3
#DO potential bullish breakout set upDiamond Offshore Drilling broke down the 24 USD level in July and since then the stock has tried to break through this level on the upside for 5 times. However the level proved to be strong resistance. Now the stock is testing this level for the 6th time and there seems to be more strength to the upside. Current risky setup where the stock bounced off the 50 daily moving average provides a R/R = 4. For now it might be early to enter this trade. For a safer entry, wait until the stock closes above the 25 USD level which is the level where previous breakouts failed...Longby Hof171
A level for Diamond Offshore drilling accumulationKey reasons for taking a position: Triple RSI divergence, with lower low price made for every higher highs in RSI Velocity of the crash is getting steeper by the day! 77 degrees Price is close to the 2003 support lows. Take your time in building a position gradually over time, as I'd still want to wait for the final indication to go all-in for a confirmation of a reversal. Keep a look-out for the dollar-normalized volume indicator (price X volume). This indicates the general interest in the stock regardless of price level, as a higher price leads to less stock being traded. Take-profit level is set at 0.236 fib retracement level, or the falling trendline since 2008 peak relative to the start of oil crash. >> Be prepared for the price to hit $11, the IPO level. I'd advise not to risk over 10% of your portfolio, although there's a low probability of it happening but it is still possible. Good luck! And stay objective, don't let your bias dictate your positions. I trade technically, fundamentals do not matter much to me as they often lag behind what's already happening. Human sentiment dictates the price more. Longby LastBattle1114
DO - Solid Company, Management, Dividend, Future, Ext...Guaranteed it's easier to pull offline land drilling oil rigs then it is multi - million dollar offshore oil rigs. This resource was endorsed today by the president, mentioning that oil, will still be a valuable part in our economy. The offshore platforms can also be converted & be utilized for offshore wind projects for renewable energy. I lost count of how many teams already are proposing floating wind turbines. Other then for upgrades & repairs, there is no reason there will be rigs floating in the water doing absolutely nothing. Yes efficiencies can be gained in different areas, but the hunt for energy whether it be oil, renewable will still be in demand and always be required. Offshore projects can dominate Land based operations and this company is positioned well for the future with its assets. This is a good entry point to put some cash to work here. Longby OlegMDev0
Oil traders - Diamond Offshore weekly says "straddle me!"Diamond Offshore's weekly chart showing 2 potential outcomes for May options expiration: 40 bucks or 23.50. Catalyst? Earnings on the 4th of May. The pitchfork pivots are clear as is the intersection of the midline with resistance at 40. Haglopian line pretty clear and would mark a new low. Also clear is the current price box between 30.60 and 29.06 (found that on the daily chart). All this offers a good set of entries for a straddle. Or just wait for the 4th and bet on the horse after it has left the gate (sometimes that is the best way to make money )by codypd1
DO Day Trade Retest Gap (Brad Reed Feb9,2015)DO expected to open at 31.40 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.comShortby Reallifetrading0
DO - Ichimoku Cloud PotentialLong 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, sets this up as a potential winner. ***Always Inspired*** Tim always has great ideas (www.tradingview.com) When i saw this one pop up, it looks like another potential great call.Longby kocurekc2
Diamond Offshore - DO - Daily - Turning up from oversold buy 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 now. DO is turning up from a base and has decent support right in this area from long term value buyers. Buy with 53-55 target in the next 1-2 months, versus 48.06 last. Longby timwest6612