After trading to $7.28 two weeks ago RIG is managing to dispose of its overbought condition quickly and orderly. I like the FIB support here and imminent golden cross for its next move up. Immediate rally target around $8.69 based on outlined impulse rally. May still need a week or so of backing and filling but we're getting close. Added some today. Patience.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.