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Bearish Engulfing appears for RIG after 1.58% move
On Friday, August 21st, RIG moved down 1.58% while volume shrunk to 0.7× the usual levels. Bearish Engulfing was spotted, which could indicate a shift in momentum. Key support levels exist at 5.83, 5.75 & 5.6, with resistance at 6.07, 6.22 & 6.3. Meanwhile, Slow Stochastic is showing overbought conditions.
Current SwingTradeBot Technical Rating of RIG: B
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