Northern drilling seems to have bottomed out after an extended devaluation period. The stock has oscillated between 3 and 6 NOK for the past months and looks to have entered a bullish channel. Technical signals include a recent 10 and 20 MA crossing up in the 4 hour and 1 day intervals. The stock's potential ability to break out over its resistance levels at 5 and 6.7 NOK could indicate a longer bullish trend. Stochastic RSI and RSI indicate that the instrument is close to or overbought as of now. Operating revenue first six months of 2020 increased from last six months of 2019, however second quarter results decreased YoY compared to second quarter of 2019.