While I am still long LKOH (although I have doubts about its potential) and RIG I see mounting evidence that NVTK is topping. On all timeframes, there is a visible EW count. Very compelling price action on 4H and D charts. If it stays where it is or goes down by the end of the week there will be a confirmation on W chart as well. WHY: compelling PA (bars),...
Weekly Novatek. Uptrend, however slight changes in volumes. RSI in overbought zone, but still no lower than 50, which is OK if its uptrend. For me it was a test of psychological barrier of 1200. O n Daily RSI lower than 50 Convergnce with chart No proper volumes I exprect falling to Gann Level and Fibo 0.618 (Red Point) 4H Here i analyze by...
Novatek. WEEKLY Uptrend, however slight changes in volumes. RSI in overbought zone, but still no lower than 50, which is OK if its uptrend. For me it was a test of psychological barrier of 1200. Daily RSI lower than 50 Convergnce with chart No proper volumes to confirm trend continuation I exprect falling to Gann Level and Fibo 0.618 (Red Point) 4H ...