$NVL reaccumlation taking place with a pivot at $2.80

NVL looks like it's being reaccumulated in the form of a double bottom pattern. The bounce from support near $2.25 was on strong volume, indicating that buyers have come back in to support price.

The current low volume sideways action just below pivot level of $2.80 is very constructive as it shows a lack of supply up here. Watch for a break of $2.80 on strong volume for a long entry signal.