meszaros

NOG is expected to rise more sharply.

Long
AMEX:NOG   Northern Oil and Gas, Inc
NOG is expected to rise more sharply. As for the technical picture, we are currently seeing a short correction. My analysis shows that a rising wave sequence could be building. Its size is double the size of the previous rising sequence. The size of the corrections seen in the current uptrend is also double the size of the corrections in the previous uptrend sequence. So here again we can say that we are dealing with a fractal . In this case we have to follow the fractal rules. I expect the size of the next uptrend to be 32%, target price : 19.60 usd. Tomorrow is a good day to take a long position.