RIG is starting to perk up after holding its breakout area around $1.75. It held at the golden pocket marked by the $.76 low and recent $3.82 high. That high represents resistance that will take a little more consolidation action before a definitive push thru. The first attempt was parabolic and if you owned this in size for the $1 it traded at for better than a month you made out in spades. BTW it's $2 now and looks to me like there may be better times ahead. Targets galore on the chart but that $3.82 is the number to watch. A good push thru there and we're back in the original yellow channel that was the start of what looked like yer beginning of the next bull market for the stock. Same story big debt but they've got contracts going out 11 years. BK always a possibility but Transocean has been around for a long time and has been thru a lot. I remember when LVS traded down to a dollar and you looked at it and said it was a back up the truck moment back in 2008. IMO RIG should continue to move onward and upward and survive coronavirus. The only question is how big a truck.