meszaros
Long

NOG decline is over...

AMEX:NOG   NORTHERN OIL & GAS INC (NEV)
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The exchange rate reached the end of the 3.5 usd correction level. Therefore we do not expect any further reduction. Since it has fallen from a fractal construction, it is probable that it will return. This can be preceded by a sideways and accumulation phase. These two levels are expected between 3.51-4 usd. From this band, after an upward outbreak, we expect a more significant and steeper rise with a target price of 6.62 usd.
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