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depfa

NOV - Potential Long Trade

Long
NOV Inc. (NYSE:NOV)  
depfa Updated   
NYSE:NOV   NOV Inc.
Trend Analysis Technical Indicators Chart Patterns
4
0
trendanalysis indicator chartpattern
Hi Guys

Below my analysis:

Monthly: Price at support levels. OBV bullish divergence
Weekly: False breakdown with bullish MACD divergence (both histogram and lines). Nice OBV bullish divergence. RSI just crossed the 30 level
Daily: Fresh MACD lines bullish crossover. RSI above 50.

On the negatives: strong resistance just above current levels (13 EMA on the weekly and 50 EMA on the daily). Wednesday's OBV POC has not been washed out ...
Trade active:
Long @20.07
Trade closed manually:
Out @ 20.97
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