Transocean Ltd showing early signs of improvement
As with Ensco Plc, we are also seeing early signs of base completion in the Transocean Ltd RIG chart.
Unwinding positive divergence and improving momentum readings, against a strengthening Energy Index, point to a significant rally in the coming months.
Day traders will likely be faced with heightened volatility, but as a core component of a thematic idea, long positions will benefit from a break higher.
Unwinding positive divergence and improving momentum readings, against a strengthening Energy Index, point to a significant rally in the coming months.
Day traders will likely be faced with heightened volatility, but as a core component of a thematic idea, long positions will benefit from a break higher.