Foren & Soziale Netzwerke zur TRANSOCEAN Aktie

 

NYSE:RIG is approaching its 200-week smoothed moving average. I will be watching for a clear break and support on it. The last time this occurred, the stock doubled. With growing recent volume, a strong uptrend appears to be in play. This narrative could develop significantly if geopolitics continue to push oil and gas. Additionally, D. E. Shaw upped their holdings of NYSE:RIG by +1,000% last quarter, which I like to see.

looking great risk vs reward. Be mindful this is a weekly chart and this name moves slowly. We need them to meet their operational commitments including fleet utilization which may be a trigger for this wave 3. MACD weekly approaching 0 line while we are at a bottom of a potential wave 2. Moving above the 0 line may increase momentum here, paired up with an RSI of 50 if we get there. Downside - Hoping on the daily we are not on a bearish flag that could be a potential wave 4 to the downside. We need to get above the volume shelf at 3.7.

Looks like a great entry point. Good volume with a solid move up in price. MACD starting to cross. Short and long RSI in 30s and heading up. TTM Squeeze showing positive cross up. Good option volume. Lets hope for a strong move on open and be ready to jump.