i see an uptrend that has corrected and this correction ended at 50-61.8 fib ret and now and after a breakout of a descending trend line there is a pulling back to a broken level and finally a nice bullish candle after pullback ending (my main strategy )... BUY opportunity
Norwegian Air Shuttle once again testing the support at 172 area. If this holds, as it has done before, the upside can be around 225 (about 30%) within weeks. This stock is heavily shorted. NAS presents traffic figures at 06.03.2018 RSI is showing strength with higher lows. So is MACD. I'm buying this with 3x gearing hoping to double up. Tight stop loss.
It seems Norwegian operates on a 5 year cycle basis. Refer to chart for my outlook when I expect price to bottom. Price shall not be able to close above 220 before January 2018.
Make the pattern valid and we will see a takeoff next year in January.
This is my first time tech analyzing a chart. I think it will keep decreasing to 279, then it will go up again.