NOV 2.60% 7.9¢ novatti group limited

NOV Chart, page-726

  1. 1,849 Posts.
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    Bit of volume today!

    Positive divergence between RSI and price, shorter 9 & 20 EMA curling upwards showing a change of character since June highs.

    Today we see a push into 100 EMA (purple), and looking left we see a significant volume profile ledge acting as resistance to overcome, both coinciding with .5 retracement level. Above and 55c is an obvious area I will be watching followed by the gap at 62c. Very nice buying opportunity at the .618 retracement level, well done if you grabbed some.

    Ideally price maintains 51c or higher into weekly close. AIMO

    https://hotcopper.com.au/data/attachments/3461/3461785-acdc7c0364485f3830ab77277a1580fe.jpg
 
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