v2c_cha
Long

RIG if pattern confirm OP up to $5

NYSE:RIG   TRANSOCEAN LIMITED
Cup and handle pattern still on the going, but I change the objective price up to $4.9X to $5.06

MACD confirms the bearish movement, so we can expect the price goes lower, also StochRSI shows that we're on the bottom of the oscillation, so we can wait a few more days for the rising movement and the probabilty of a bullish trend if C&H pattern is confirmed.

I think we can achieve the objective price before the next earnings results on august 2nd.

Anyway: this is not an investment advice. but I'm in and I'll wait to see this.

I think this is the same pattern for (with different objectives of course):

NASDAQ:CDEV
NYSE:CPE

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