4mm4
Short

SDRL Breakdown?

NYSE:SDRL   SEADRILL LIMITED
Possible downside to SDRL             ...
- Break of the neck line in the H&S pattern coupled with a break of the upward channel at the same spot
- Big volume making this move
- Pink lines are Fib levels from the downward move from the head of the H&S pattern (possible support/resistance)
- Blue arrows show possible price movement
Good stuff.
Seems now could be a good time to go long? RSI, MFI, and CMF starting to look good, and some bullish crossovers on the stockastic and MACD on both daily and weekly charts.
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