NAS 100% to 15NOK - Path to 50NOK
Updated
Welcome to a concise chart analysis of NAS (Norwegian Air Shuttle). I'll provide a straightforward overview. NAS is showing intriguing potential.
The NAS chart features a diamond bottom pattern. The crucial point is the robust support at 7.5 - 8 NOK, indicating a stable floor.
The Exponential MACD displays a zig-zag pattern, signaling NAS's alternating bullish and bearish momentum. Currently, it's on the verge of a potential upward shift.
Breaking the 15NOK resistance level can turn into substantial support once surpassed. Once we break 14-15 NOK, the path to 50NOK becomes a real possibility.
Do you own research. Happy trading!
The NAS chart features a diamond bottom pattern. The crucial point is the robust support at 7.5 - 8 NOK, indicating a stable floor.
The Exponential MACD displays a zig-zag pattern, signaling NAS's alternating bullish and bearish momentum. Currently, it's on the verge of a potential upward shift.
Breaking the 15NOK resistance level can turn into substantial support once surpassed. Once we break 14-15 NOK, the path to 50NOK becomes a real possibility.
Do you own research. Happy trading!
Comment
As some of you know I have been bullish on Norwegian Air Shuttle quite for a while. I really like the stock. They bought 50 airplanes past year and are doing more passengers every year. It's weird t me the stock is trading low. - This is not financial advice, it's my thoughts on NAS.Congrats to investors who got on board at 7 NOK. 100% returns in stock market ar no rookie numbers. As my previous publication there was a strong support at 14 NOK which has been broken with a lot of momentum. The price traded as high as Feb 21 - 18.20NOK, and Apr 8 - 18.30NOK and formed a double top and we ar probably retesting the 14NOK for support and confirmation of bullish trend.
We just entered an enormous zone of indecision in price. Price have been very volatile between 15 and 50 with some stability at 25 NOK in Q1 2021.
With RSI oversold and MACD reversing after a strong correction past weeks, there are possibilities we are going to bull and retest 50NOK resistance. Especially with shorts under pressure and swabs/puts contract that eventually expire, I think we will look for new heights.
Bigger timeframe still bullish after recent higher high. Let's see if higher low occurs and breaks us through 18.30NOK and look for the new resistance.
Stock can also keep cooling down and look for as low as 9NOK, maybe form new bigger diamond.
Do you own research. Happy trading!
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