SDRL forming a very nice fallen angel pattern with moneyflow divergence. It has broken out the moving averages with huge volume. We think it has good upside potential from here.
* Trade Criteria * Date First Found- July 25, 2017 Pattern/Why- Fallen angel pattern Entry Target Criteria- Break of $0.55 Exit Target Criteria- 1st Target $0.64, 2nd Target $0.87 Stop Loss Criteria- $0.48
Please check back for Trade updates. (Note: Trade update is little delayed here.)