Transocean Ltd (Switzerland)
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RIG - making short work of correction?

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After trading to $7.28 two weeks ago RIG is managing to dispose of its overbought condition quickly and orderly. I like the FIB support here and imminent golden cross for its next move up. Immediate rally target around $8.69 based on outlined impulse rally. May still need a week or so of backing and filling but we're getting close. Added some today. Patience.

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