RIG (Transocean) – Potential Reversal?
Technical Overview
• Current Trend: RIG has been in a clear downtrend since September 2023, as confirmed by Dr. Elder’s Triple Screen framework. However, recent technical signals suggest the trend is losing steam.
• Weekly Timeframe:
The MACD histogram is showing a bullish divergence, ind
$RIG * TRANSOCEAN LTD. * FIB TC EWP WEEKLY TF ANALYSISProvided is a detailed Elliott Wave analysis for Transocean Ltd. ( NYSE:RIG ) stock, showing a long-term projection from the 2020 low to 2027.
Price Targets and Fibonacci Retracements:
Key levels suggest the price could potentially keep dropping to the HWB (50% FIB / 2.40) based on the current t
Trade Setup for Transocean Ltd (RIG) on the Daily Chart:I have just about 2 key things to say here on this analysis.
1. Key Levels to Watch:
We can see that there is some resistance at $5.32: This is a strong ceiling where the price has struggled to break through. If the price moves above this level with strong momentum, it could signal a potential brea
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Displays a symbol's price movements over previous years to identify recurring trends.