This is a pretty big edge. 88.6% retrace from the peak. Retested the low, now showing positive momentum. This is a low risk opportunity with high reward.
Well that was quick...entered in premarket and it's already breaking out today !!! I'll take that anytime !!! Let's see what kind of price action we get on the breakout
Here’s another pretty setup, I’m taking a long here. Descending channel....bullish divergence on both oscillators on the weekly time frame. Too pretty to pass up.
Nordic American Tankers Ltd owns and operates double hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are...
NAT has been falling drastically in price for the last 6-7months, after it was hyped up through March and April for the record low oil prices. After the oil prices started to rise again, NAT has just been going DOWN, showing no strenght what so ever.
Many people are interested in this stock because of the high dividend it's paying out which currently sits at...
Friday's daily candle closed above the 20 EMA which had been acting as resistance during the selloff since May. Just above the close is the upper end of a downward sloping parallel channel which requires a break of $4.8 to be a true breakout. With NAT residing above the 200 EMA, appearing to have put a bottom in at $4.25 and with the MACD signal showing a sharp...
