Ensco Plc ESV showing interesting developments

As the underlying US Energy Index gathers fresh upside momentum, there are signs of improvement appearing in Ensco Plc.

The multi-month basing pattern is showing early signs of bullish resolution, as oversold momentum studies and positive divergence begin to unwind

Whilst trading could become choppy in the coming weeks - to be expected following prolonged basing development - a break higher is highlighted which could produce 'significant' gains in the coming months.