National Oil Well Varco Corrective, Likely a Sell

NOV is another candidate from the list os us energy stocks we have been watching lately. Like this others we believe it is currently in a corrective wave and are waiting for a the next impulse down.

This one doesn't have as clear lower trend line so it's not going to as easy to identify when it meets our conditions to short compared to some of the other us energy stocks.

Given that there are so many other options we would keep in on the list to watch out for but may decide not to trade it.