20 cents is the first bearish resistance level, until broken the...

20 cents is the first bearish resistance level, until broken the next is 11.5 cents looking at the charts so if the 20 cents resistance level is broken EOD it causes triggers for those who use quantitative charts to determine their investments.

Those quantitative triggers once broken can be defeated by qualitative analysis and money to the upside but if not, it is not a good long term sign generally from a TA point of view.

I h took an issue with NOV for another reason, who was stumping the money up, and their “partners”. But when I looked at the charts on the downside, that was the coup de Gras.

I was thinking of what I would do at 11.5 cents but now I am pretty sure I will remain on the sidelines with this one now with h the new geopolitical economic environment hitting Australia down there.