YoungInvestorsUCF

$RIG Pinching Into Apex of Symmetrical Triangle

NYSE:RIG   TRANSOCEAN LTD
Looking for a bounce off of the bottom support line and small pop towards the Apex where I expect the price to continue to consolidate. Currently have a slight bullish sentiment towards the price action.

A breakout on volume of the top descending trend line will be a bullish signal, where I will then look to test resistance at $46.05
After a downwards breach of the ascending bottom support line, I am placing my next support level at $41.50. This move out of the symmetrical triangle began the start of a new bearish trend
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