NOV approaching resistance, potential drop!
NOV is approaching our first resistance at 30.16 (horizontal pullback resistance, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 24.17 (horizontal swing low support).
RSI (89) is also seeing a bearish exit where we might see a corresponding drop in price.
RSI (89) is also seeing a bearish exit where we might see a corresponding drop in price.
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