$RIG * TRANSOCEAN LTD. * FIB TC EWP WEEKLY TF ANALYSIS
Provided is a detailed Elliott Wave analysis for Transocean Ltd. (
RIG) stock, showing a long-term projection from the 2020 low to 2027.
Price Targets and Fibonacci Retracements:
Key levels suggest the price could potentially keep dropping to the HWB (50% FIB / 2.40) based on the current trend. Fibonacci extension levels suggest further price appreciation towards the golden pocket (19.76 to 23.58) if the bullish cycle continues strongly thereafter.
Long-Term Outlook:
The upward-sloping green trend channel suggests that the stock may continue to rise, with projections for 2025 indicating potential gains up to $20 and beyond. The overall trend appears bullish, with a potential breakout beyond current price levels over the next few years.
RIG) stock, showing a long-term projection from the 2020 low to 2027.Price Targets and Fibonacci Retracements:
Key levels suggest the price could potentially keep dropping to the HWB (50% FIB / 2.40) based on the current trend. Fibonacci extension levels suggest further price appreciation towards the golden pocket (19.76 to 23.58) if the bullish cycle continues strongly thereafter.
Long-Term Outlook:
The upward-sloping green trend channel suggests that the stock may continue to rise, with projections for 2025 indicating potential gains up to $20 and beyond. The overall trend appears bullish, with a potential breakout beyond current price levels over the next few years.
Uwaga
In technical analysis, several methods focus on higher timeframes to provide a broader, more reliable context for trading or investment decisions. Elliott Wave Principle generally considers historical higher timeframes as mandatory.
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