strong movement here with constant rejection at $41
It looks unlikely that we might see an September/October market crash if oil starts its next big leg up here, which is historically volatile.
Any confirmation of uptrend may easily bring SDRL beyond $5~7. This is a pretty nice proxy to play on the uptrend, given the close proximity to SDRL's previous low for a safer & leveraged long position.
$5~8 target over the next few weeks to months...
Breaking up. Daily bullish engulfing pattern
SPY daily. Beware of incoming risks from US market.
Still holding SDRL :)