1
RIG stock price has been trading with a strong uptrend momentum over the daily timeframe.
2
Transocean (NYSE: RIG) secured a $486 Million contract for deepwater aquila.
3
RIG stock price took support from the key moving average showing the participation of buying volume at the lower levels.
Transocean stock is bullish above the key moving averages and has positive momentum. It broke out of a bullish flag pattern near a support zone, showing high demand. It may reach $10 soon.
RIG stock has rebounded from its support zone and held it firmly. The bulls have strengthened their position near the $7.50 demand zone which was tested again during the flag pattern. The price is in a bullish zone and may go above $10.
The daily chart shows that the buyers are in control. The bulls have kept the price above the key moving averages all the time. The stock had some setbacks after the earnings but the bulls recovered near the 50-day EMA and continued
We współpracy z: https://www.thecoinrepublic.com/2023/09/18/transocean-stock-analysis-can-rig-stock-escape-consolidation/
