gumbtg

Mean reversion momo trade

Long
gumbtg Updated   
NYSE:RIG   Transocean Ltd (Switzerland)
Could get a small move to the upside here with a small hold timeframe in mind.
If momo is to follow through here wouldnt be a bad place to put on position with the risk defined.
Above the second purple level is constructive for a retracement higher.
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Energy sector has been a horrible sector to put your money in for some time though.
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