TraderDaddyOG

RIG - Good opportunity post-earnings drop with very tight stop

Long
BATS:RIG   Transocean Ltd (Switzerland)
We are seeing clear sell-side tapering with the orange algo and purple showing it's control. We are now retesting the breakout of strong selling magenta and coinciding with green buying continuation.

This could be a very good opportunity knowing that if we don't hold green, we're out. However with a retest of magenta and a proven buying continuation lining up, I will definitely enter a position if the opportunity presents itself.

Hope to be back more consistently in a week or two when I'm back in the states.

Happy Trading :)

- TraderDaddyOG

Partner & Managing Director
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