RIG - Chart Link - RIG has rallied
strongly for over a week bouncing off that 50 day MA since that gap
down, however it broke uptrend symmetry, which argues for a lower
high. Also note the MACD is not keeping up with price here and
volume hasn't been strong on this move. so I'm cautious on it
now
RIG for rbreese
Posted by matt on 1st of Mar 2023 at 06:22 pm
RIG - Chart Link - RIG has rallied strongly for over a week bouncing off that 50 day MA since that gap down, however it broke uptrend symmetry, which argues for a lower high. Also note the MACD is not keeping up with price here and volume hasn't been strong on this move. so I'm cautious on it now
Update: RIG for rbreese
Posted by matt on 2nd of Mar 2023 at 09:47 am
RIG - Chart Link - RIG follow up, answered a question about it yesterday
Matt Thanks for your update
Posted by rbreese on 2nd of Mar 2023 at 07:22 am
Matt Thanks for your update on RIG and I also use 13 and 19 day SMA which it failed to break above. Also spinning top looks like a problem