Copied log scale 1999 bottom.
65%ish off ATH's. As long as 18.44 holds, long.
A lot are bearish and this is the potential structure that I see.
Log scale chart
Bearish to 2.92-2.90 area then up imo.
See chart. Just an idea.
Long NE with a stop below the white channel.
5.82 ev/ebitda and good technical set up
Potential rally would catch most off guard here.
When trending up it tends to love the 50 ema on the 4 hr.
NOV held the 200 sma monthly
Long 50% log scale channel support
Fib cluster support with upside targets.
Keep an eye on the 1,399 level. Could be a short.
See chart. Fib clusters
Been holding the weekly 100 ema on multiple tests.
20 ema about to cross up 100 ema on weekly. Cloud is also bullish.
Bullish price structure. Ideal stop below 17. 4x ev/ebitda.
Healthy cash flow and balance sheet.
Joint venture with Saudi Aramco.