Navistar $NAV has been in consolidation mode since February this year. Looking more long-term, we can see a bullish trend since 2016, when price bottomed at $5.78 a share. NAV Weekly Chart(click to enlarge)Overall Bullish Trend:- The weekly chart shows that price action since 2016 has indeed built a bullish trend.- Not only does price action and the moving averages reflect that, the RSI has held above 40 when coming down from above 70. This shows maintenance of the bullish momentum.2018 Correction:- After price tagged $47.50, we saw a slide to $32.- Since this correction swing, price has rebounded back above $40. - It looks like it is trying to anchor above $40. If this is successful, traders will look at this name with upside back towards $47.50 with the prospect of breaking higher to at least $50. $40 Holding:- We are going to see today's price open around $43, which means NAV again held above $40 this week. - Also, the RSI has been holding above 40 since it tagged 70.- Finally, price is bouncing off the 200- and 100-day simple moving averages (SMA), which is another sign that bulls are in charge at least in the short-term.- Look for a close above $44 to open up the $47.50 and then $50 targets .NAV Daily Chart(click to enlarge)