RIG forming a balance. We go LONG or SHORT IF we break it.
RIG is a high yielder stock with deep value and performing some fundamental valuations from a quantitative perspective it is highly undervalued.
Car Ichan holds the stock and is performing changes. There has been some positive news but in general the market is afraid that low oil prices and dayrates will push earnings down.
Given that the stock has fallen a lot there may be an opportunity to look for longs even though going against the main trend should there be some positive information.
There is a balance forming and there may be a potential to go long if we break the balance on the upside or we will plummet further on the downside.
Good risk reward on both sides.
Car Ichan holds the stock and is performing changes. There has been some positive news but in general the market is afraid that low oil prices and dayrates will push earnings down.
Given that the stock has fallen a lot there may be an opportunity to look for longs even though going against the main trend should there be some positive information.
There is a balance forming and there may be a potential to go long if we break the balance on the upside or we will plummet further on the downside.
Good risk reward on both sides.
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