RIG has been bearish since the 2008 high, so with the last bar gapping down on higher volume a near-term sell opportunity looks like a good play.
Price had been going mostly sideways, since the end of 2012, offering a strong support at around $38. When this was broken and retested (turning support into resistance) in August/September 2014 a new bear trend began to develop. This would've been very early to short this stock so a break of the more recent pivot low of $27.91 offered a firmer opportunity, for longer-term trend traders.
Trading the last bars gap down (on higher volume) offers a near-term sell opportunity - with the next level of support at around $18 -$19. However, I am not looking to enter any trades today due to the US holiday yesterday.
Price had been going mostly sideways, since the end of 2012, offering a strong support at around $38. When this was broken and retested (turning support into resistance) in August/September 2014 a new bear trend began to develop. This would've been very early to short this stock so a break of the more recent pivot low of $27.91 offered a firmer opportunity, for longer-term trend traders.
Trading the last bars gap down (on higher volume) offers a near-term sell opportunity - with the next level of support at around $18 -$19. However, I am not looking to enter any trades today due to the US holiday yesterday.
Web: dt.live
Instagram: instagram.com/dynamictrader
Twitter: twitter.com/dynamictrader
Instagram: instagram.com/dynamictrader
Twitter: twitter.com/dynamictrader
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Web: dt.live
Instagram: instagram.com/dynamictrader
Twitter: twitter.com/dynamictrader
Instagram: instagram.com/dynamictrader
Twitter: twitter.com/dynamictrader
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.