RIG Swing Options Trade Plan 2025-06-17

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RIG Swing Analysis Summary (2025-06-17)

Comprehensive Summary of Key Points

Technical Analysis Synthesis:

The 15-minute chart shows a bearish tilt with the price at $3.21 below shorter-term EMAs, indicating immediate downward pressure. The daily chart remains overall bullish due to being above its EMAs but shows an overbought RSI at 70.51, suggesting potential exhaustion after a 39.57% price increase over the past month. Mixed signals appear across the weekly chart, where price is above the 10 EMA but below the longer-term EMAs, suggesting conflicting longer and shorter-term directions. Supporting supply and demand dynamics indicate resistance at $3.26-$3.32 and support around the $3.18-$3.20 area. Market Sentiment Integration: