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PlayaVistaTrader
Mar 6, 2014 11:16 PM

RIG wkly Long

Transocean Ltd (Switzerland)NYSE

Description

Descending triangle is the bigger picture, RVI showing a reversal is favorable, throughout the chart history there has only been 3 time the RVI has reached extreme low levels and most recent is one of the three. The first time RIG rallied 25% following, after the second time rallied 95%+ will the third time rally hard to break out of this descending triangle?

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