No hint this week.
Try to guess:
- The ticker symbol of the chart;
- The sector in which the stock trades; and
- Whether or not you think the stock will move higher or lower throughout 2014 or will break lower.
Thank you to everyone who has been playing along.
Please click on chart to enlarge
[Members: My latest Weekly Strategy Session has been published]
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I’ll take Swords for 500, Trebek. Looks like Brazil/mining perhaps. Would like to see a long base in this before an up move
Looks like a 10 year monthly of ACI. My WLT is just as fugly.
it’s a monthly chart of RIG – Transocean Ltd. They are in the contract drilling business and their stock is languishing due to industry overcapacity in the deepwater drilling business.
nice. they are in the process of changing their approach, and will likely look a lot more like SDRL in the coming years with regards to dividend and investment strategy. good long term entry point here unless the bottom falls out.