Dudeperf

RIG Builish Market update

Long
NYSE:RIG   Transocean Ltd (Switzerland)
Gapped above resistance, needs to stay above and break out of this area today or tomorrow. Staying bullish, next resistance is at $6.70-7.10

We would like it to break above the current triangle it is trading in. Lots of price protection here. There's no reason here for it to play around in this market range. It will either go above 6.45 or below 6.00 here in two days. Thank you. Please tell me what you think of this price action. Take care.
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