goodguy

RIG daily log: One to keep an eye on.

NYSE:RIG   Transocean Ltd (Switzerland)
5
Also see weekly chart.
Could start up from here but I suspect there may be one more drop to a .62 to .78 correction before we hit "b" and the next up swing begins. When it does I would put the up target at about 20-25 where there is a lot of overhead resistance.
Note positive reversal in the daily RSI. May be forming a bullish divergence to follow.


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