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.