NOV Breakout - news-flow set to push NOV higher
Updated
NOV has broken a symmetrical triangle.
Significant upside.
Fundamentals:
- Growing revenue +50% year on year
- Major partnerships with global leaders - Apple Pay, Google Pay, Union Pay, Alipay, Ripple
- BNPL exposure
- US expansion commenced
- trading at 4X revenue, with peers trading at 15-20x revenue
Significant upside.
Fundamentals:
- Growing revenue +50% year on year
- Major partnerships with global leaders - Apple Pay, Google Pay, Union Pay, Alipay, Ripple
- BNPL exposure
- US expansion commenced
- trading at 4X revenue, with peers trading at 15-20x revenue
Comment
Massive volume this week and a genuine breakout.Given how undervalued NOV was prior to the breakout and its valuation vs comps, opinion is that $1 within reach in 6 months.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.