You can't ask for more. There are earnings in a week so lets hope they go quietly, we don't want any major swings. Let's see what happens and we will be back shortly with an update. Its funny because we've been analysing NVO closely and I accidentally typed NOV, just to get one of the best looking assets I've seen since BTC at 25k - in fact they are very similar.
Bouncing off the 200 day moving average today, let's see where it's headed! Aiming for 26$ in the short term for a swing.
XRP Potential breakout to .50 cents Possible Inverse Head & Shoulders pattern currently forming on the 1HR chart with breakout on or near Nov 22nd Bottom already in….
Up Channel in grey I expect a move up like was seen earlier in the channel development Placed bars patterns to show my thoughts roughly on price evolution in green Bullish on this timeframe
Oil still the strongest narrative, going for this play
SOrry, reprint - this one much more logical. I had added things in and not checked properly before. VOila. New bullflag forming atop old one. Prob guided down under that gradient and squeeze vs old bullflag lid.
HOpe you aren't a hodler!!! Looks like she's forming a bullflag there. I've taken historical the gradients from the p [rior consolidations. They are all consistent so far. The pitch of the final flag remains to be seen, but likely the light green again. There is a nice ledge there for a waistline and the VWAPs and RSI bands are looking good. Plenty of down left though.
Black Gold finally broke out from the 3 month cup handle pattern as mentioned last week! Although weekly chart was showing bearish, it was a bullish flag because the lows never broke. This week the momentum continues upward possibly in a big way. Extremely Bullish! Once it breaks 56.75, 59 will be the next target. XOM, SLB, NOV are yummy plays.
Reasons for likely recovery : Fundamental Analysis - NOV suffered under major commerce COVID restrictions' impact on petro use. - NOV is poised to recover with the opening of commerce. Petro sector is critical for both recovery and any developments in the ALT energy sectors. - NOV supplies the equipment to the petro market, insulating it somewhat from the...
NOV could be poised to benefit from increasing investment in oil capacity expansion as Crude Oil prices lift after low capital investment during the pandemic. Reopening means higher energy demands. NOV has been mostly left behind. Breakout possible above $16.
We have a monster of a pattern trying to play out here on $NOV Double bottom reversal only confirmed with a break above $16.53 Send it
1,417,408 CONFIRMED FR cases by 22nd Nov. 2020
idea for the future of $btc.. what if we have another big breakout after this year's, on Nov 22 2021?
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NOV is approaching our first resistance at 30.16 (horizontal pullback resistance, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 24.17 (horizontal swing low support). RSI (89) is also seeing a bearish exit where we might see a corresponding drop in price.