2waytrading

Bullish Triangles (1 within 1) Tough to read

NYSE:RIG   TRANSOCEAN LTD (SWITZERLAND)
96 0 2
$RIG has habit of forming many triangles, in most cases, targets are not achieved based on 23 trades only 45% resulted positive and this may not be the case this time because its rare to see a triangle within triangle and rarely it fails but may take more time to fruit any positive result. Another important short time bullish signal failed as well. Look the bullish pennant that failed. On July 7th, we recommended short position after price broke decisively the ascending support trend from June's low to the HLs             target now achieved and we recommend to wait at and around $41 area for a possible bounce upward. If you decide to take a position make your stop loss at recent swing low or May low.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out