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Tuesday, 9 October 2018
Technical Analysis of Ensco PLC (NYSE: ESV): 9 October 2018, Tuesday, 1.57pm Singapore Time
Technical Analysis of Ensco PLC (NYSE: ESV):
9 October 2018, Tuesday, 1.57pm Singapore Time
(Click on Technical Chart above to Expand)
Attached is the Technicals of Ensco PLC, a UK based drilling operator in the offshore oil and gas (energy) industry. Based on my research of its fundamentals, the earnings is expected to keep improving over the next year and the year after. Its fundamentals will keep improving. Based on technicals, it has already rock bottomed, and the rock bottom had been confirmed with 1. the green circled region as illustrated and 2. the breakup of the black classical resistance line. Multifold profits can be expected for buyers of Ensco PLC shares.
Energy Crude Oil Market:
Much more upside to go for Crude Oil