As we see chart of aban offshore we can see that recently stock has able to cross its long term resistance level.
yellow trendline which we mention look like very important level for aban to make turning points, almost 7-8 turn’s are made on chart after touching this line.
as we see that price able to make the recent high but RSI not able to cross the recent high level, so its a sign of “BULLISH POSITIVE DIVERGENCE” on chart.
look at the rsi, price not able to break support on chart, but rsi given a weakness, which indicate that price is still strong, and this will make rsi to move in overbought zone again.
so overall indication is buy this stock above 395 level expected targets are 415-430-450-485 in coming sessions.
one can consider support or stop loss at 365 level now.