Technicals, short termNVA has been consolidating in a decent upward sloping channel on the daily chart, moving closer to previous June high of $14+/- as the channel rises. Moving averages are lagging indicators but they are supporting this upward trend. No magic in 50 and 100 day Moving average crosses imho. They jus support the direction of movement - up!
Currently we have a nice little bullish flag near to the top of the channel but short term indicator Stochastic is overbought, so a positivel trending NVA will likely need some more consolidating to breakout. $11.70 current short term support around mid channel and lower end of the channel is now around $10.00. As NVA gets more overbought, that will be my next raget area of purchase.
Accum/Dist line / Money flow confirms upward channel showing NVA's strength as it continues to trade within the upward channel. Macro factors on commodity will have the final say as to how fast this rising channel continues.
Good luck!