Summary:
RIG has broken out of long consolidation and strong resistance at 3.40 with high volume, showing strong buyer interest.
After the breakout, price pulled back and formed a flag pattern, then broke out again yesterday, confirming bullish continuation.
Trading Plan:
Entry: 4.20
Support: 3.72
Target: 5.20
RIG has broken out of long consolidation and strong resistance at 3.40 with high volume, showing strong buyer interest.
After the breakout, price pulled back and formed a flag pattern, then broke out again yesterday, confirming bullish continuation.
Trading Plan:
Entry: 4.20
Support: 3.72
Target: 5.20
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.