The market has responded to the volumes multiple pushes with clear candle sticks announcing that the probability to see the price going down is very high and won't stop yet.
The positive side, is that if there is any political action to save the company, then, we could see the market first trying to fill the past gape and run very quickly, thereafter, to the range that it has left at the beginning of the year, around the end of February.
For the moment, it looks like a probable worse case scenario...wind up, bankruptcy...or other.
September will be a very important month in Europe as all holidays end and political decisions might be taken in regard of the extension of restrictions or their ease.
Their problems started pre-COVID-19 in the beginning of 2018.
They need way more help than they are getting + a vaccine + adapt every inch of their business to this “new world”.
The upside potential is enormous, but it could go to zero. A big gamble.
Know that Norway is a very rich country. NAS is a BIG company in not only Norway world wide. Therefore I think that Norway will do a lot to save it.
Technical analysis is useless at this point.
Chart looks a lot like FTRCQ, who is also in big big trouble.