Athenry

Breakout from cup without handle? Testing major resistance.

Long
Athenry Updated   
NYSE:RIG   Transocean Ltd (Switzerland)
Currently testing resistance at $3.88, if it breaks out I see it hitting $5.35 in the next two weeks and $5.80 by the end of March. If it breaks through the red resistance trend line, it'll already be too late to buy. This is a $6 stock mid-April at the latest.

I believe we saw a cup without handle from August to November, huge volume on breakout. Could be looking at big gains from here on.

Now looks like a good time to buy. I don't see it getting back down to these prices any time soon.
Comment:
Absolutely smashed through resistance at $3.88 while the whole market was down, continuing up in AH.

I'm thinking this either finds some resistance around $4.50 next week or continues up to around $5.30.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.