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.
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.