Long term Pennant formed from NOV has been pushed through to the upside, all it needs is some volume and we will see movement to 40c by the end of year.
Where do you see this stock heading currently?
Looking at jumping in. I like their fundamentals
TAjames
⋅
@bulls68, they have great fundamentals. Going off the chart and recent movement in all fintech stocks. Id see how it goes new week as a whole. Looking at the weekly chart, will need to close above 50c next week for it to stay bullish. If not, could have some consolidation where there would be great buying at 30-32c for a hold longer then a few months.
I wouldnt buy it next week though. Be patient and see how the chart and fintech sector goes.
bulls68
⋅
@TAjames, Thank you. I have plenty of patience and would definitely jump in around 30c :)
bulls68
⋅
@TAjames, your right on the money. heading towards a nice buy in price :)
TAjames
⋅
@bulls68, the whole market is unfortunately tanking quite hard, but i reckon NOV has a strong stop loss at 27c.. so if you get the buy in. Utilise that stop
@bulls68 yes absolutely great buy price, looking at the 15min chart theres some good volume fot continuation of a bounce.. if tech stocks kick back up again next week, todays low could be the new base..
bulls68
⋅
@TAjames, yep. will be interesting to see how the rest of the day plays out.
Looking at jumping in. I like their fundamentals