Double Top is almost formed, and Powell's news could bring this formation to its knees. The target price is 25800, where VPVR shows some resistance, but right under that is another hole in VPVR all the way to 25k. At the same time, waves on 4h chart crossed the local top, starting a jump from 50 RSI level.
I predict a major correction for NOG, right after the reverse stock split its share will surge. Fundamental analysis looks very solid and know price is on historical lows. Time to keep buying until stock reaches its fair value, currently overweight ( under market value).
This is only my opinion, invest at your own risk.
DJIA is headed lower tracking investors rotation from stocks into 10yr T-bonds. I am seeing the index breaking down towards 22-21k.
Oil has already shed considerably and metals are trading lower too which effects Dow Jones Industrial sectors.
Technically we breached a weekly Insidebar to the downside and traded back which gives us an opportunity to get back into...
