[RIG]

Positive news that Transocean secured contracts worth $550 million for two deepwater drillships in the U.S. Gulf of Mexico. In conclusion, since the current price is located near the resistance line, we should respond with a phased approach based on the support line ($5.12). Take profits if the stock price rises and reaches the resistance line ($5.82), and cut losses if it breaks below the support line ($5.12). To put it bluntly, despite the news of large-scale contract wins, the current price is approaching the resistance level ($5.82) set by the 20-day high. Therefore, rather than chasing the stock immediately, we considered entering from a phased accumulation perspective based on the support level ($5.12). At the time of entry, the technical indicators are as follows: RSI(14) at 64.2, moving averages in a non-sequential alignment, trading volume at 1.31 times the 20-day average, and a 7-day trailing volatility of +4.3%. In conclusion, far exceeding the expected return rate of 2.5%, the stock recorded an actual return of 10.3% and received an OVERHIT classification. After approaching the resistance line ($5.82) at the 20-day high, we had anticipated a conservative phased approach based on the support level ($5.12); however, combined with the news of a $550 million deep-sea drilling rig contract signing and trading volume reaching 1.31 times the 20-day average, it strongly broke through the resistance line and continued its upward momentum. To conclude, I will reflect in my upcoming trades that for stocks accompanied by positive catalysts and high trading volume, there remains potential for further upside depending on the strength of the momentum, even near short-term resistance levels. Going forward, in phases where large-scale contract disclosures are accompanied by above-average trading volume, I plan to respond flexibly by keeping the possibility of trend continuation open, rather than being strictly bound by conservative profit-taking targets.

Transocean is expected to approach a 100% utilization rate for its deepwater drilling rigs by the end of 2027, and a positive development is that negotiations with Valaris are underway, aiming for a closure by the end of the fourth quarter. If the current price reaches the resistance level of $5.51 from $5.16, I will take profits, and if the downward trend continues and breaks below the support level of $4.88, I will cut losses. The current price of $5.16 is positioned within a neutral range between the support level of $4.88 and the resistance level of $5.51. Considering the news of a projected 100% operating rate for deepwater drilling rigs and the goal of closing trades in the fourth quarter, one might contemplate entering with the possibility of testing the support level. The RSI(14) is at 50.6, indicating a neutral momentum. The moving averages are in a non-aligned state, and the trading volume is at 0.67 times the 20-day average, which is somewhat low. The recent 7-day volatility recorded a change of -2.7%. At the time of the forecast, the current price of $5.16 was in a neutral range between the support level of $4.88 and the resistance level of $5.51, leading to an expected conservative return of 0.8%. However, the actual result recorded a 10.1% increase, resulting in an OVERHIT designation. Despite somewhat inadequate indicators at that time, with an RSI(14) of 50.6 and a trading volume at 0.67 times the 20-day average, the outlook for a 100% operating rate of deep-sea drilling rigs in 2027 and the positive news regarding the closing target for Valaris contributed to a strong buying trend in the market, which was not fully reflected and was overshadowed by a short-term range-bound movement. Through this trading, we recall that when the news trends of the theme (rising) combine with clear long-term positive factors, the stock price elasticity can exhibit much stronger performance than expected, even in neutral technical indicators or initial phases of low trading volume. In future scenarios where similar sector momentum coincides with news related to large contracts, we will not be confined to a conservative upper target price within a range, but will actively trust in the theme's expandability and the impact of positive factors, allowing us to flexibly adjust our entry and exit strategies.