meszaros

NOG rising target price...

Long
AMEX:NOG   Northern Oil and Gas, Inc
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8
Based on the previous analysis, the exchange rate could rise to 3.34usd. This can be a 36% increase from the current level. This is the primary target price. In the current analysis, I expect the target price to be higher. What may seem interesting is that the exchange does not move to the wave axis (green line) but to the ATR axis. The movement is under the wave axis. My experience shows that in the long run the exchange rate will always move to the wave axis with symmetric wave motion. This is what I expect in this case. If the technical idea is correct, the exchange rate may reach 6,19usd in the long run. Which is a 156% gain from the current level.