The price on the weekly chart is held above the 30th. Also on the weekly chart, it exceeded the 200th. The goal is to achieve resistance. It will be fixed on top of the mark and grow further.
There is resistance at $4.3. We need break through it, and then we will try to gain a foothold. After securing, it will be possible to enter into the transaction up to the goals above.
Nat looking ready for big long term reversal. MACD turning green, breaking important neckline. target would be overall trendline met around $5.83 but measured move around $10
Based on it's uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent of profits IF $NAT exceeds today's high of $2.69 during tomorrow's session.
NAT definitely has more room to run here especially considering the current climate world wide. $5.00 looks like a reasonable first target on a continuation here. The larger picture here would be the potential of the Bearish Bat completing at an .886 off the double bottom here.
All indicators are bullish, we are seeing shortages in the supply chain across the market.
regardless of green energy and EV market - Fossil fuels are not going anywhere anytime soon!
NAT stores Crude oil, I don't see this stock going down and hope to see them expand on their buisness
Double bottom
Support line
Entry 3.6
Stop 2.6
Target 6.6
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
It's a very wide wedge right now so lots of room to fluctuate. Will the reopening trade momentum act as a catalyst for another rebound or will NAT just chill here forever?
In its Q4 and full-year 2020 update, The company said that “We see strong oil demand, in particular from Asia for 2021…The lock-downs around the world has led to pent-up demand for many goods...
the small market cap stocks really took a beating this week, NAT still holds the trendline for now. if it goes under i will sell it and look for another buy in. you should always have a plan and stick with it, don't take any chances
Looking good so far. Great price action last week. We have earnings today if i'm not mistaken. I've seen different dates everywhere and tradingview has yesterday as the date listed on the chart. It's today according to earnings whisper. If we get a good earnings then i believe it's gonna be on like crazy. the other long setup is rallying hard as well (TK)...
Let's go !! Earnings are on monday...so hopefully this is a good sign....or setting up a higher low after earnings. This is my biggest position by far.
original post Feb 3rd :
Still looking good. Backtesting the channel we broke out of last week. Bullish divergence played out and we're just starting positive momentum on the histogram. Earnings are coming up and that is the only catalyst i see ..but the energy sector is ripping right now since current administration doesn't like us drilling for oil....so let''s see if this is gonna be...
