Here’s another pretty setup, I’m taking a long here. Descending channel....bullish divergence on both oscillators on the weekly time frame. Too pretty to pass up.
Nordic American Tankers Ltd owns and operates double hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are...
NAT currently looks to be in a channel nearing the bottom. Look for a spike in volume and NAT to rise to the channel top/resistance.
NAT has been falling drastically in price for the last 6-7months, after it was hyped up through March and April for the record low oil prices. After the oil prices started to rise again, NAT has just been going DOWN, showing no strenght what so ever. Many people are interested in this stock because of the high dividend it's paying out which currently sits at...
NAT is very close to the reversal point at 3.25$ and 2.5$ Every 4 - 5 months theres a surge in NAT stock price
STOPPED OUT. OH WELL. NICE GAINS WE'LL SEE HOW IT LOOKS LATER.
BACK TESTING RECENT RESISTANCE WE BROKE THRU YESTERDAY. ALWAYS LOOK LEFT RIGHT ?
IF WE BREAK RESISTANCE. IS THIS THE MEASURED MOVE WE CAN EXPECT ? OR DOES IT DROP SOME AND GIVE US A CUP AND HANDLE ? LET'S SEE
Friday's daily candle closed above the 20 EMA which had been acting as resistance during the selloff since May. Just above the close is the upper end of a downward sloping parallel channel which requires a break of $4.8 to be a true breakout. With NAT residing above the 200 EMA, appearing to have put a bottom in at $4.25 and with the MACD signal showing a sharp...
Its going to 10-11$ by the end 2020/early 2021. 50 000 shares.
Been watching this one for a while. I plan on getting in on the pullback, but this could hit the 8-9 dollar mark. I'm watching, and waiting. This first uptick was the first indicator.
4% short intrest droped off and will probly continue for many days to come nat will have a big uppswing. Still 18M shorted shares to be baught only 700k baught so far letts see this stock sky rocket.
18M shorts moved in at 9$. Will take 3 days to leave their short positions. Thats why it's down 50% from high's. Shorts will give this stock back wind to accelerate the price im waiting for a 3 day - climb up from the shorts leaving this stock. It might happen after div payouts. We will soon be over 9$.
People say this is a junk stock, BUT I beg to differ. I have been watching this one, and I believe the bounce will happen, and when it does, it's going to rip. I haven't jumped in yet, but I am waiting and watching.
NAT will keep on dropping