NOV Chart, page-793

When trying to remove emotion from investing, graphs such as the Wyckoff Price Cycle posted by Tradingasx (thanks for sharing) are a useful tool for analysing price movements, benchmarked against the phasing outlined within Wychoff's Cycle. You have to acknowledge that we are currently in an accumulation phase based on the buy/ sell ratios. A level of support has been established and I firmly expect a period of markup (demand greater than supply) based on the positive material announcements which are expected over the next few months. It could take just one significant accouncement for the share price to transition into phase C and then quickly into D & E with increasing demand pushing the price northwards.