RIG reset to lows not seen since 1994. This looks like a great long term hodl
Transocean $RIG Sooo close. MACD up, SQZMOM about to turn GR, wedged, needs increasing volume and break-out confirmation for a long. Oil and Gas. #energy #oil #gas
Retesting prior break out. Accumulating long position here.
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...
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....