NAT
NAT LONG TRADE IDEARemember 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 ratio: 1.25
NAT "Long"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!
NAT - Long . Lots of extra oil, need a place to store itLots of extra oil, need a place to store it = NAT long
$NAT Breakout Reaches Initial Target ZoneNAT was a breakout candidate we posted early last week. That breakout happened ($5 was the trigger). A close today under $7.50 would be a rejection as key resistance. But $10 is plausible.
Remember, this is about demand for new storage of cheap oil as Tank Tops sets in in WTI Crude. If June contract goes negative in coming weeks, the tanker squeeze rally could intensify.
Nordic American Tankers $NAT Long SetupFundamental Analysis:
Overall shipping stocks are bullish, with gas prices so low and people ordering like crazy off their government checks. It definitely will be my next move in terms of hedging against this Covid crisis. I'm not putting any price targets because the situation is very dynamic and I will most likely take profits depending on how this plays out.
Technical Analysis:
Gonna keep it short on this one but it is a good time to get in for a long term play. With the ascending triangle forming on the 1H timeframe, we can expect the whole shipping market to keep pumping throughout this crisis. Cheers and feel free to share your thoughts!
OIL - Why botherWhy even bother with trying to time this? Even if it bounces, it could drop. Even if it drops it could bounce. Might as well wait until it gets down back to the trendline, or down to even more ridiculous lows, or something else shows up on the chart. Better off just buying NAT or other tankers, storage, etc. which will go up either way.
$NAT Sets Up for Potential Breakout as Oil Trades NegativeNAT shares are set to confront critical $5/share resistance as the stock pops on the need to move oil out of Cushing with nowhere to put it.
Major firms are now looking for this to repeat at June WTI contract expirations.
Nordic American Tankers long ideaanother idea from one of the forums. timestamp for future reference.
Nordic American Tankers - a company providing transport services with the use of tankers in the Suez Strait.
Very cyclical, but it seems that the bad period is behind the industry because prices have risen significantly in the last quarter. In the fourth quarter $ 34k per day and in the third it was $ 16k. Will it continue, we will see. But every turmoil in a hot region raises prices. It also appears that, according to the well-known mining stocks scheme, over the years the low prices companies have reduced orders for new tankers and now demand is outstripping supply P / B 0.88.
nat gas 1h...still not 100 @CryptoKnee #elliottwave dont feel like typing all the possibilities im thinkin...so id say unclear...POI is the median line of the larger channel, and the daily s/r with the 5th projection, green box
Nordic American Tankers aiming for the cloudsNAT just had a pullback from its recent breakout with massive volume. It broke through the 30 week MA with the volume, since the whipsaws on the MA began in FEB of 2018. The MACD is centered out with a recent bullish signal. The RSI is also centered out and it's crossed over on the average and started bouncing on the average. Trade this on the daily and sell it once the RSI is capped out. If i had to guess, the swing will be 5-8$, watch the rsi for the exit signal.
NATGAS THIS AREA IS GOOD TO BUYNATGASUSD just touching the descending trend line, rebound to Fibo. 38.2%
NAT - Weekly 34 x 500 Hull Test Ahead - Could Rocket if PassesNAT - Weekly 34 x 500 Hull Test Ahead - Could Rocket if Passes
