Hey mate,
Im running this as my main chart have been for some time now.
We have tested the linear resistance 3 times now and have stayed above the linear line.
We have formed a V pattern which can signal a bullish trend, we are also touching the 20MA which also is a positive.
However we could test support again if we don't have a material announcement, i cant see the chart running until then (will hover around the .41-.47) range until then.
Momentum has had an uplift along with the Rsi, which are only temporary and indicators do have a delay.
We also recently had a death cross which signals a bear trend.
hope this helps.
NOV Chart, page-824
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