Stefhun

Seadrill [SDRL]

Long
NYSE:SDRL   Seadrill Limited
Stock went down from very high price to $1.57. Consolidation in progress.
This chart show that a good company can have a bad stock... I think this is a corrective movement after hit the $1.57 ATL
Flat to the upside... so, I do give a bigger probability to the ABC correction rather than impusle wave.

This is a daily chart but count based on weekly. Let's see how it will develop...
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.