RIG hits my down target. Time to finally turn around?
End of March I suggested a down target for this drilling company (see link below) which has now been reached. RSI oversold still with a positive reversal. Waiting for bullish candles.
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Looking promising if it closes with bullish engulfment.
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Would not be surprised to see a pullback in the morning giving a low risk entry if you are so inclined with stop of < 10.20.
