RIG : Transocean will get this huge bull runs.Transocean Ltd. (NYSE: RIG)
The trend has change lately, Transocean also has attracted the attention of day traders on WallStreetBets..
The stock also has reacted positively to Transocean's agreement with Jurong Shipyard to accept deferred payment on the delayed delivery of two ultra-deepwater drillships.
Their own insider director bought 15% more shares.. this is ridiculous..
As an ex-offshore worker, I do know some of the big whales behind the company (Other company) They just sit tight quietly, and can suddenly buy a new ship or anything in one snap.. just like that.. and sell it back in no matter of time..
Back to the chart, the trend has change positively and resisting to fight back with all the resistance. Along with the demand and oil price are growing back, TransOcean can easily back on track on the upper side. Perhaps in the year 2022 starting May it will on the new HH on the chart.
Foresee it will easily reach $ 6-8 in the nearest months. Will update time to time with this bullish trend.
