LEONES

Transocean moving higher

Long
NYSE:RIG   Transocean Ltd (Switzerland)
2
38.50 support is still holding for Transocean. Crude oil high price related to recent geopolitical events will push the stock price higher. Inverse H&S pattern you can verify yourself on the daily chart is already out of the neckline and gives a good entry point at the current level (44.30). Exit point to be evaluated at a later stage.

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