I spy a breakout and a retest, an inverse head and shoulders, and a new high on the RSI. Where do we go from here? I say the target is about 23% higher at $30. This of course hinges on oil strength and dollar weakness, as is always the case with NOKUSD.
ENOR is a more liquid equivalent to NORW-- there is enough volume to trade it hour-by-hour rather than day-by-day. I was curious why neither ETF followed the Oslo Boers exactly and... apparently the arbitrage is from its correlation to the currency pairing NOKUSD. So really Norway ETFs' strength comes from oil strength and DXY weakeness, both of which aren't...
Table of contents: § 1 About FLNG § 2 The market § 3 Why I am bullish § 4 The risks § 1 Flex LNG(FLNG) is a Norwegian company. They specialize in transporting liquid natural gas around the world for heat, cooking etc. They also create ships themselves, specially created within the CE regulations to ensure safe transport, as natural gas is highly flammable and...
Only for ballers. If you looking long term, this shares are the ones you retire for good. Incredible potential, infinite upside, is to buy now or get the f..k out from trading. Make your math, your chart, your analysis or whatever you want, this is it. This is the stock you been waiting all your life. This is my personal opinion, not an advice. Be smart,...
technically, we have a false breakout from the 10$ level. if we will have a summer rally in stocks, we can give it a try with a short on this pair
The month of July has been an unmitigated disaster for the euro - with only three trading sessions in the books, EUR/USD has declined a staggering 2.73%. Earlier in the day, the euro dropped to 1.0186, its lowest level since December 2002. The euro appears headed for parity with the US dollar, a psychologically significant level. The economic outlook in the...
Every market has pulled back and already in bear market while Norway continues business as usual. US, Japan, China, Hongkong, Australia, Europe every index has fallen but not the Norway 25 index. While it's impressive, I don't think it can hold anymore. Norway at least should show a 20% pull back from current value. Also, the curve looks like a rounded top so drop...
Trend Analysis The main view of this trade idea is on the 2-Hr Chart. There appears to be an upward trend channel developing for USDNOK. Higher lows are observed around the 8.63 and 8.76 price levels. Higher highs are seen around the 9.00 and 9.10 price levels. Expectations for the fx cross to continue higher in the trend channel, taking USDNOK towards 9.35. A...
Solstad Offshores Positive Uptrend is most likely to continue during the next weeks.
There has been a consistent trend in Orklas price action. Expect a dip and be ready t buy the bottom
Norway's central bank raised its benchmark interest rate on Thursday as widely expected, and said more hikes were likely next year although that would depend on the impact of a surge in coronavirus infections and the emergence of the Omicron variant. Norges Bank's monetary policy committee raised the sight deposit rate to 0.50% from 0.25%, its second hike in...
My Entry: around 27,30 My SL: below support at 18,50 TP: ? The upside potential is huge on this one, whereas the risk is not too big. I might change my SL to BE when/if price reaches 35 to get a risk-free trade. This is not financial advice, just inspiration and for myself.
BORREGARD is slowly approaching the resistance line at NOK 191.2. The probability for a breakout is higher than for a pullback. This is a good situation to open a long position.
This stock recieved a unnatural "pump" after the norwegian newspaper Finansavisen published a "10x bull case" regarding this stock.
Clear pattern with clear targets. should be an easy trade.
"The time to buy is when there's blood in the streets." - Baron Rothschild So if you are looking for said blood the Norwegian Air shuttle (NAS) might be worth a serious look. Background: Biggest airline company in Scandinavia. One of the biggest in the world (I believe Top 6). It's based in Norway. Norway is a rich country. "Oil rich". Like many other airline...