meszaros
Long

NOG before breakout...

AMEX:NOG   NORTHERN OIL AND GAS INC
NOG before breakout. The exchange rate has so far increased by 171% over two months. This is almost comparable with the rise of Bitcoin             . Despite the big increase, I expect more movement in the exchange rate. The next wave may be similar in size and slope with the movement so far. The correction level is 2.96 usd which can stop the exchange rate for a little while. Then there is a move along a flatter elevation angle. For the current move 4.18 usd. The exchange rate may reach this level by the end of March 2018. This means that the current level is again about 170% market yield. The stock market is one of the most promising moves.
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