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EBGtrader
Sep 26, 2023 1:34 PM

$RIG short position  Short

Transocean Ltd (Switzerland)NYSE

Description

Good morning,

The market has been in an interesting place recently. For now, it seems like pressure is on it for lower. Until proven otherwise. A potential good short opportunity for a stock right now is NYSE:RIG, aiming to reach $7.50 by end of October or sooner.

Note: Options position

Trade closed: target reached

shortly after market open this morning, price reached the $7.50 target. Closing trade and cashing out.
Comments
Remdog420
inverted head and shoulders is bullish
EBGtrader
@Remdog420, check higher time frame
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