RIG broke down from upward channel. We have EMA lines (5 & 9) cross down & declining money-flow. Crossing down MA 50 with strong volume suggesting strong downward momentum.
Our first target is 9.77
You can check our detailed analysis on RIG in the trading room/ Executive summery link here- https://www.youtube.com/watch?v=-6GOveJBXZw
Time Span: 3:10"
Trade Status: Trade is entered (Jul 28th) & running in small profit.