Just as
RIG
and NASDAQ:CDEV this one show a similar movement, (very similar), so, if the cup&handle pattern is confirmed we can expect an objective price around $3.00
The ichimoku cloud could be used as support for the movement, but the most important is the stochrsi that shows we're on the bottom of the oscillation movement, so we're waiting to go up, also the MACD (not in this chart) show a weak bearish movement, that could be reversed in the next days. The volume is also going low so eventually this is going to be a good buy opportunity.
The actual price is still above EMA 12 and 26, so we can wait to goes lower to buy more, anyway: this is not an investment advice.
The trend movement is bullish if you see the weekly view, so let's wait to see if I'm wrong or not.
RIG
and NASDAQ:CDEV this one show a similar movement, (very similar), so, if the cup&handle pattern is confirmed we can expect an objective price around $3.00 The ichimoku cloud could be used as support for the movement, but the most important is the stochrsi that shows we're on the bottom of the oscillation movement, so we're waiting to go up, also the MACD (not in this chart) show a weak bearish movement, that could be reversed in the next days. The volume is also going low so eventually this is going to be a good buy opportunity.
The actual price is still above EMA 12 and 26, so we can wait to goes lower to buy more, anyway: this is not an investment advice.
The trend movement is bullish if you see the weekly view, so let's wait to see if I'm wrong or not.
Trade closed: stop reached
