vlad.adrian
Short

Nabors Industries - Double bearish divergence

NYSE:NBR   NABORS INDUSTRIES LTD
150 0 2
After a very nice rally, Nabors Industries             has 2 very ugly bearish divergences, on the MACD lines, on the Histogram and on the FI             . Two days ago there was a false breakout over the last swing high, but the price couldn't stay there, and a gravestone doji was drawn. Yesterday was a bad day for this stock , and an evening star (without a star) pattern emerged. I have 3 targets for this trade. I do not want to stay in it for the long term, because there was a very nice rally these last weeks so I expect only a correction. The trade plan is labeled on the chart.
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