For more than two years RIG company stayed in strong side trend defined by its upper limit at 58.79 and lower limit at 38.18.
At current moment RIG shares are very well positioned at lower part of natural trading range and for this moment remains oversold, increasing chances for upcoming move up.
Stock has very good risk/reward ratio with huge upside and very limited downside.
At current moment RIG shares are very well positioned at lower part of natural trading range and for this moment remains oversold, increasing chances for upcoming move up.
Stock has very good risk/reward ratio with huge upside and very limited downside.