Transocean (RIG) Message Board

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Gold/Mining/Energy : Transocean (RIG)

RIG 4.010

-0.5%

9:30 AM EST

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From: E. Graphs	12/6/2023 5:38:36 PM
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Started building a long term position again here at the close. The stock is trading near the 100wma after breaking out of a long base. Currently trading at ~5.74 with the 100wma at ~5.30, so if the pullback moves lower I will probably add. The stock also looks to be filling a gap from the breakout in June. Somebody loaded a lot of June calls today. Will need to verify tomorrow. Long term charts still look very good. I plan to hold through 2024 as long as the company continues to reduce debt and win contracts with higher day rates. Go RIG!

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