meszaros

NOG is another 10% drop...

AMEX:NOG   NORTHERN OIL & GAS INC (NEV)
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The exchange rate may continue to fall. This rate is from the current level to another 10%. Then you can reach the end of the correction level. This is 2.27usd level. We expect a rise from this level. The size of the increased fall is not good news. But the good news is that this increased movement increases the volatility , which increases the ATR value of the exchange rate movement. With this, the target price may also be higher. With this increased ATR, the 7usd level is also available. Therefore, the second target price is this level.
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