It has been quite some time since I posted about $RIG. 
Over a year ago, the chart told me it was not going anywhere. Dusting it off, the weekly chart offers me a good risk/reward here. 
First, I also identified an awesome Wolfe Wave, as highlighted by the blue ovals, with a price and time target of around $10 towards the end of the year.
Downside risk is limited, with a close below $3.70 area on a weekly basis gets me out.
#RIG