These are my thoughts on NBR. They are meant to give you an idea, not trading advice. Can this break to the upside tomorrow? I think so, will definitely be watching this! Please be careful, as the market never gives you certainties, only probabilities! ALWAYS REMEMBER THIS WHEN YOU TRADE
After following NYSE:NBR for a few days and studying some of the fundamentals, I concluded that this could be a possible mid-long trade. On Monday after seeing the price dropping I decided to enter a buy order at 2.00 even after seeing support to be at 1.98. My order filled this morning at 2.00 and saw it taking off. I decided that if the trend continued, I'd...
NBR has broken down a 3 months correction. Look to the price action for a potential pullback and one more wave down.