Transocean Can see some upside the coming days!
I like the Rig Transocean chart for a short-term long play. Why do I like oil plays at the moment? Well last week we saw oil making new lows, but the oil stocks aren't making new lows. This is a sign of strength for the sector. Rig is making a bullish pattern on the daily chart and once we can see a spike in oil these stocks will see a 10% bounce.
Don't forget to follow my Youtube updates : youtu.be/doTzOZ9dSYs
Kristof De Block
Chief investment officer
KickHedge
Don't forget to follow my Youtube updates : youtu.be/doTzOZ9dSYs
Kristof De Block
Chief investment officer
KickHedge
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.