Michael_Macdonald-XATSUK

Transocean Ltd showing early signs of improvement

NYSE:RIG   TRANSOCEAN LTD (SWITZERLAND)
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.
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