RIG Transocean Daily Chart Falling Wedge Oversold Positive Divergence

RIG daily chart showing positive divergence across the board just like the weekly chart. This is a powerful force (bullish) when they are in sync like this. The falling wedge and oversold stochastics are also signals that price is now sitting on a launch pad. Note the pink megaphone pattern that may appear as time progresses targetng the 60-70 area for early 2012. The downward sloping white channel provides a price target of 48-50 should price move up to hit the top rail over the next month or two. Projection is sideways to sideways higher prices for the days and weeks to come. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.