Transocean limited has found support at the zero line on the GoNoGo Oscillator., having rallied up to over $4 yesterday, briefly surpassing the highs from last June.
The GoNoGo Trend “Go” trend has been in place since the first half of November and this current price action has triggered a trend continuation green circle to appear under price.
We will look to see if price can consolidate at these levels and if the GoNoGo Oscillator can stay in positive territory we may well see further price gains.
By
Alex Cole
