meszaros

NOG is ready to turn...

Long
AMEX:NOG   Northern Oil and Gas, Inc
The exchange builds a wave sequence on the two extreme MA (50,200) axes. Currently moving in a so-called "spike area" In the event that a decline in this area stops or a reverse spike is formed, this may be a strong signal for turning north. It is advisable to wait for these two movements. If (when down) locks out of the spike area, a further decrease is expected. Otherwise, it's a great place to take a long position. The primary target price remains 2.71usd