Short term view - TRANSOCEAN LTD : The major support has been reached, it causes the bounce.
The trend has been momentarily interrupted by a correction. It approaches the support at CHF 11.52, which also is the invalidation level. It should cause a bounce and resume the bullish trend. The next target is at CHF 16.90. The invalidation level is below CHF 11.52.Arguments :
- The major support has been reached, it causes the bounce.
- The moving average is supporting prices.
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