Despite the huge volumes, we have observed forces pushing the market down. Here the technical analysis is just a confirmation of what obviously happen in the real world, no bias.
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.


@Diallo_Charts_Ideas, IMO they could find a vaccine tomorrow and NAS would still be in big problems.
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.
I AGREE with your analysis, SHORT THIS....
ONE LIKELY FUTURE SCENARIO: Norwegian Air will be going bankrupty in 2021 and investors will lose 100% if they don't exit before then. The senior management will go through the motions to do more cost cutting and issue more stock which will dilute the share price even further. The stock will drop to 0.6 NOK or less by Christmas. In Q2 of 2021 the management will announce Norwegian Air is headed into bankruptcy because the pandemic did not go away quickly enough. They will give all of their senior execs very large fat bonuses before they declare bankruptcy. Same old story. This is one to DUMP ASAP! Riddled with debt and sinking fast....
Diallo_Charts_Ideas ExperiencedTrader44years
@ExperiencedTrader44years, thank you for your comment. If they last until Q2 of 2021... that means that probably there is hope to see Sovereign Funds coming as a help to restore capacity... Lets see how the world be then.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out