This chart looks super bullish but we need to wait for the right entry point. If the target price is reached first then we for a short
$NAT IF IT SURVIVES CURRENT SUPPORT AT 4.89 THEN 5.61 IS MY 1ST TARGET AND 7.40 IS MY TARGET NUMBER 2 WHO KNOWS MAYBE WE WILL SEE IT AT $8 AND $9 again
if it can survive th 4.88-4.91 support we will see a nice breakout towards $7....
NYSE:NAT Is the selling over? Is bullish rebound in progress close to .618 fib? Considering bullish entry for swing trade. Disclaimer: I do not offer financial advice nor am I a certified financial advisor. I am self educated in investing and trading in the stock market with over 20 years of experience and share information here as contribution to the community.
2 target prices... Fib 61.8 & Fib 161.8 take profit levels
I will definitely be watching this one. It has to test support and show an uptrend before I jump in, but it looks promising.
NAT will pay some of its largest dividends in its history this year, with global storage demands at an all time low they can charge higher rates for their storage of oil. With airlines and travel being greatly reduced I do not see any reason why we won't have an oil storage crisis for the rest of this year at a minimum. I am a buyer at $5 and below, with a price...
NYSE:NAT Long $NAT if it holds that support line. Very tight stop -- either the trade works or it doesn't. Entry - $5.30 Stop - $4.80 Target - 6,7,8 range. P/L: ~4-5:1.
Earnings are coming next week and knowing that the company would have greater earning the stock is going to ATH
Support at $5.4 Was Broken Look Out for Next Support at $4.2 Possible Pullback Before Heading to $4.2
Remember to leave a like if you enjoy my content! Remember to watch the oil price, because NAT has shown to go the opposite price of the oil. RSI shows oversold + strong support line at 4.92. If the price breaks the trendline, it could rally up to 5.35 or even 5.55 Remember to watch out, if the support is broken, the stock could go really low. Risk/Reward...
In the current situation, there are very few companies that can solidly make a profit. Nordic American Tankers are one of them. Big investors rent out these ships and pay them to store their OIL. With the oversupply of oil and shortage of storage, Tanker companies charge more for holding the barrels. On average, it cost 4 times as much a day, then a year...
NAT - Broken downtrend with very high volume, Divergence on macd from last LL's. Above middle bollinger band. Breakout volume biggest ever monthly volume by a mile.
NAT Resumption of Uptrend after Breakout?
Earnings are coming in soon, might not be as high for the 1st quarter so it may pull back a bit more. 4.23 next level but there does seem to be a big upside looming this month with more tankers coming with a lot of indicators pulling for this to pass 10, risk reward and earnings to watch out. Oil is loyal
I'm bullish on this stock after investors dumped 40% of the stock! Anything above the yellow resistance line i'm bullish (right around 5.92-6.00) Good Luck!
Will climb and crash, long time trend will keep going up. Them making 5-7x there money cant wait for earnings call.