Long
$NVL reaccumlation taking place with a pivot at $2.80
NVL looks like it's being reaccumulated in the form of a double bottom pattern. The bounce from support near $2.25 was on strong volume, indicating that buyers have come back in to support price. The current low volume sideways action just below pivot level of $2.80 is very constructive as it shows a lack of supply up here. Watch for a break of $2.80 on strong volume for a long entry signal.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.