NOV 60 minute Jan 21st
NOV (National Oilwell Varco Inc) was one of the energy sector bounce candidates from Jan 13th and looks even better today after clearing this minor horizontal resistance level. T1 & T2 are the current bounce targets with additional targets to be added depending on how crude trades going forward.
With today’s breakout, NOV offers an objective add-on or new long entry. Consider a stop calculated on an R/R of 3:1 or better depending on your average entry price. Current & potential price targets are listed on this 60 minute chart with the exact suggested sell limit levels to follow on the next update.