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Monday, 26 February 2018

National Oilwell Varco (NYSE: NOV): 26 February 2018, Monday, 11.13am Singapore Time


National Oilwell Varco (NYSE: NOV):
26 February 2018, Monday, 11.13am Singapore Time
(Click on Technical Chart above to Expand)

Attached above is the technicals for National Oilwell Varco (NYSE: NOV), an oil and gas company listed in the US Market of NYSE and a component stock of S&P 500 Index. The crude oil stock is in newfound long term uptrend and had used the correction fear of February 2018 to backtest the double green support trend lines for confirmation of long term uptrend, i.e. confirmation of long term rally was done using FEAR of February of 2018. This was the case worldwide for many stocks across the board. As the new long term uptrend has been established using greatest fear, shaking out majority of the market herd, the stock can be expected to go up in 2018 and 2019.

This stock will be The Donovan Norfolk Top 6 to Top 8 Stocks of NYSE-NASDAQ.

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