A little while ago I expected NOD to make a correction already, but it kept steaming on upwards!
Target for this one according to fundamentals is around NOK 130,-
However, the big problem with these runs is to find a good buying opportunity, especially if the price is at an all time high, so you don't have previous supports/resistances to work with.
So all I can go on is the most recent resistance turned support and the fact that NOD left 3 gaps recently.
So if it fills those gaps and revisits this support (and finds support), that would present an excellent buying opportunity on a bullish stock.
Target for this one according to fundamentals is around NOK 130,-
However, the big problem with these runs is to find a good buying opportunity, especially if the price is at an all time high, so you don't have previous supports/resistances to work with.
So all I can go on is the most recent resistance turned support and the fact that NOD left 3 gaps recently.
So if it fills those gaps and revisits this support (and finds support), that would present an excellent buying opportunity on a bullish stock.
