NORTHERN OIL AND GAS - 30d expiry - We look to Sell a break of 29.48 (stop at 31.02) Short term bias has turned negative. There is no clear indication that the downward move is coming to an end. The bias is to break to the downside. A break of the recent low at 29.57 should result in a further move lower. A sequence of daily lower lows and highs has been...
NORTHERN OIL AND GAS - 30d expiry - We look to Buy at 26.36 (stop at 24.95) Daily signals are bullish. The trend of higher lows is located at 26.00. Bespoke support is located at 26.50. We look for a temporary move lower. We look to buy dips. This stock has seen good sales growth. Our profit targets will be 29.88 and 30.88 Resistance: 32.00 / 33.00 /...
NORTHERN OIL AND GAS Intraday - We look to Sell a break of 32.29 (stop at 34.86) Our outlook is bearish. Price action has posted a Doji candle and confirms a possible stall in the recent move. Price continues to trade within the triangle formation. A break of 32.50 is needed to confirm follow through negative momentum. Our profit targets will be 25.40 and...
NOG correction over, rise could start. The financial situation of the company is stable. Its latest acquisition has already turned a profit. Their credit line has been successfully increased. Their debt payments should not be a problem in the coming years. The technical picture is similarly optimistic. It can be seen that the ATR axes that hold the rising wave...
NOG up 138%. The chart shows that the price movement has retraced the ATR axis (yellow dotted line). I expect a significant rise thereafter. The target price for the rise is determined by an ATR rule. The idea is that the percentage size of the ATR value of the previous rising wave gives the percentage size of the next rising wave. Based on this, we can see that...
NOG is expected to rise more sharply. As for the technical picture, we are currently seeing a short correction. My analysis shows that a rising wave sequence could be building. Its size is double the size of the previous rising sequence. The size of the corrections seen in the current uptrend is also double the size of the corrections in the previous uptrend...
NOG is facing a 65% rise. The analysis shows that the NOG moves in a double ascending wave system. The corrective motion is over and the second ascending wave sequence is in front. The target price is 14.43 usd
I've been following this stock and doing dollar cost average over few months. This company has hedged its barrels for 2020 and 2021 at $58.00 and $55.00. Some analysts say that fair market value is $31.60.
I predict a major correction for NOG, right after the reverse stock split its share will surge. Fundamental analysis looks very solid and know price is on historical lows. Time to keep buying until stock reaches its fair value, currently overweight ( under market value). This is only my opinion, invest at your own risk.
NOG 90% before rising. The exchange makes a fractal copy. The chart is currently in a "spike area" (red rectangle) Turning north of this area, the price could rise to 3.19usd. This represents an increase of almost 90% from the current level.
NOG before rising 93%. The exchange rate may end its correction movement. You can turn north again from the 1.65 usd level. I assume that the rise in the exchange rate may copy the first fractal shown in the figure. The difference is that the size of the copied fractal is half the size of the original fractal. If my idea is correct, the target price for the...
The wave sequence in which the NOG stock is moving is a common occurrence. Just look at the EURUSD movement linked in the link below. Double peak then double bottom. All this around the two moving average axes. Therefore, I assume that we will see a rise tomorrow from this formation. For this rise, I am looking at a target price of 2.71usd.
The exchange builds a wave sequence on the two extreme MA (50,200) axes. Currently moving in a so-called "spike area" In the event that a decline in this area stops or a reverse spike is formed, this may be a strong signal for turning north. It is advisable to wait for these two movements. If (when down) locks out of the spike area, a further decrease is...
The previous analysis closely followed the movement of the NOG. There was also a double backtest. Therefore, there is a long position entry opportunity from this level. The previous analysis was based on the ATR axis analysis, which implies that the exchange takes wave movements along different ATR extremes. The current analysis is fractal analysis. The essence...
In my previous analysis, I still do not change the path of motion. But the correction level was 0.3 usd lower. I look forward to turning north from this level. I expect the rise to be 51%. The target price is 2.69 usd.
Like the DVN oil company, the price moves in a double-wave pattern. He left the adjustment phase. Currently, the construction of the second rising wave has begun. Primary target price: 3.27 usd
I expect the exchange rate to rise. An inverse double-wave structure begins to form. Its axis of symmetry (cross point of MA100, MA200). The primary target price is 3.27 usd. (Current fair value rose from $ 3.98 to $ 4.08. The company's perception is improving.) A 150% increase is the second target price.
The exchange rate adjustment level is 1.80 usd. I identified two fractals in the exchange rate. I look forward to building the second fractal. The percentage of the second fractal may be the same as that of the lower fractal (yellow rectangle). If the analysis is good then the target price is 3.8 usd. Fair Value: 4.09 usd.