If RIG retest this level, great buying opportunity
The previous longer term resistance structure of 1.50-1.75, would now present a very good buying opportunity for RIG (if it ever reaches there).
There is still a gap there at 1.67 and RIG hasn't really created any structural support above this level, which increases the odds of falling back to this level.
Of course many FA factors can skyrocket RIG, but just looking at the charts there is this possibility for a great buy.
There is still a gap there at 1.67 and RIG hasn't really created any structural support above this level, which increases the odds of falling back to this level.
Of course many FA factors can skyrocket RIG, but just looking at the charts there is this possibility for a great buy.