BobbySpa

RIG - Revisited

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NYSE:RIG   Transocean Ltd (Switzerland)
RIG is still chugging along making a series of higher lows with bigger up volume days outnumbering lower down volume days. Change of character since mid August. Upper channel resistance and big volume breakout is coming I can feel it in my bones. Another 2020 turnaround name for me. I like this for a buy and hold. Deep water drilling tough space but this is just way overdone on the downside.
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