NE is in the oil and gas service sector which has suffered of late. Still in a downtrend but I think the move up at the end of 2016 (labeled 1 or A) may well be followed by at least one more up move to 3 or C. May get a drop tomorrow to c=a on the dialy chart. Watch closely for a bullish candle formation then could use the low of the formation as a stop. . Process your way. Take care. Have a good week. Feedback always appreciated.
Note: Have a bullish dverg on the Monthly RSI. Have a positive reversal followed by a bullish diverge on the dialy RSI which often leads to a bonce.
Note: Have a bullish dverg on the Monthly RSI. Have a positive reversal followed by a bullish diverge on the dialy RSI which often leads to a bonce.
Note
drop today. some news: seekingalpha.com/article/4064041-noble-corporation-cold-stacks-drillship
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