Weinstein Stage Analysis:
NOW is currently in a stage 4 downtrend, until we see a significant change in trend then I am expecting price to continue declining. First reversal area can possibly be the 200 moving average. After that if it breaks then we may see a prolonging trend lower.
NOW is currently in a stage 4 downtrend, until we see a significant change in trend then I am expecting price to continue declining. First reversal area can possibly be the 200 moving average. After that if it breaks then we may see a prolonging trend lower.