cup and handleas long as WTI heads in right direction, MAs here are slopping up. Price Target 4.70-5$ by mid june. Multiple Resistances.
Transocean
RIG: time for the next pump?RIG is down a bit over 20% since we reached our first target of $4.59 (42%)...could be time for the next leg...buy in is $3.51...target is $7(ish)...neighborhood of 100%...ITS YOUR MONEY...DYOR!!!
MM painted LONG pattern cup with handle.RSI low and MA's golden cross.
As well as UKOIL above $50.
And also FDA approved the Pfizer vaccine.
RIG -Transocean LTD - bullish trend Rig is in a clear bull trend right now. Will buy on dip if it happens.
Transocean Ltd. (RIG) may be at a turning point.The latest earnings beat expectations, Transocean could end up as the sole survivor within it's market segment & we might see a mighty short squeeze in a very near future.
$RIG - Transocean - Cup and HandleSee a decent Cup, but a great handle heading in a bullish direction... lets keep it going!
RIG - This Channel ThoI think it's obvious where the opportunity lies on this one. Still be careful. Gap up potiental.
RIG Investment Opportunity RIG reset to lows not seen since 1994. This looks like a great long term hodl
Transoceans Timewindow.The stock is certainly in a longer downtrend. A Turnaround is to early to tell - Even though, it can be time to start looking at a longer term Long position in the stock. Looking at the timecycles "Low to Low" from 2004 - present, It seems to come in a cycle Low every 76 to 81 weekly bars or every 500 to 550 days. We might now be at week 77 from an earlier Low. The chart shows the different Low points.
The RSI indicator is presently seldom this extremely low at 7.5. Low RSI readings in December of 2008, June of 2010, December 2011 sparked impressive advances. Time will show if this instance comes in to play again with a low around x-mas time of 2014 or maybe aleady in place 2 days ago..
