still trading within our channel, the first arrow indicates a reversal in trend, buying was rejected on major volume and ended up bearish sending NOV into reversal via a low volume down trend, in Jan bulls had another crack but was rejected again on high volume. Since then volume has been either roughly at or below daily average until a slight increase in selling the last few days.
Will be very interesting to see if we bounce of the support, we need news desperately to reverse the trend.
NOV Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
still trading within our channel, the first arrow indicates a reversal in trend, buying was rejected on major volume and ended up bearish sending NOV into reversal via a low volume down trend, in Jan bulls had another crack but was rejected again on high volume. Since then volume has been either roughly at or below daily average until a slight increase in selling the last few days.
