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$NEL Hydrogen testing breakout from short term downtrendNEL has become a trader favourite with recent volatility after Nikola was hit by short seller report. Hourly 20 EMA breaking above 100 EMA, often seen as a promising momentum shift indicator. NEL needs to break above support/resistance at about 18 and consolidate to regain a bullish sentiment in the short term. Todays top 20 list show that the Clearstream crowd are still buying NEL stock like hot cakes, reducing fear that main investors would be dissuaded by recent price movements
OSL:NEL
by savepiginvest
NEL stock pulling back sharply after Nikola crash - but no panicAs expected in previous trading idea, NEL falling under important support confirmed the double top sell signal. But NEL is a stock that has experience several huge volatility events in the past, with earlier drops from top to bottom as large as 53 and 58 %. Compared to those the recent drop of 36% seem to not cause any sense of panic among the shareholders at all, especially considering that Nikola short report hit at the exact same time as the large US tech selloff. Investors should consider the volume profile and be a bit patient to see if the stock consolidates already, or that some more time is needed for the market do do its price discovery. Significant insider by reported this week: (Oslo, 25 September 2020) Bjørn Simonsen, VP Investor Relations & Corporate Communication of Nel ASA ("Nel") has today through Simonsen Invest AS, a company 100% owned by Bjørn Simonsen, purchased 100,000 shares in Nel at a price of NOK 15.39 per share. After the transaction Bjørn Simonsen holds 1,616,138 shares and 616,000 options in Nel.
OSL:NEL
by savepiginvest
Cloudberry to the clouds?Ride the green wave they say, this green gem cloud_me currently trading on m-market might just be a ticket for the ones who got on the green train too late. A pattern and a pathway is soon establishing. By the looks of it, a bullish pennant or bull flag, maybe a bit too early to see. Read a little here about it www.cloudberry.no make up your own mind but clean wind and clean water energy is thumbs up at the moment. Also, with electricity currently at rock bottom price this looks juicy!
OSL:CLOUDLong
by Stilster
SHORT: Headed for bankruptcy....Norwegian Air senior execs are now desperately pleading for additional funding to make it through the winter. Its not looking good. Sounds very much like the last gasps for air before bankruptcy proceedings start. Competitor SAS has been bailed out by Denmark and Sweden, but Norwegian Air has already burned through its bailout from Norway. All the healthier airline stocks have been going up lately: Delta, EasyJet..... but NAS is still headed down and will have to be diluted further in the unlikely event it racks up even more debt. I have sold off all my holdings to save what's left before the stock plummets to zero end of this year or early 2021. MarketScreener has this stock a buy at 0.6, down another 40%...... Sad to see Norwegian Air head into bankruptcy yet again......I have enjoyed their quality budget flights.
OSL:NASShort
by ttbentley
2
NEL hit by Nikola Short hit piece - mind the gapWith the Hindenburg short accusation report against Nikola, the price of the NEL stock has come under pressure, indicating a possible double top pattern and putting the subsidiary offering in doubt. The stock need to protect the last major support level at around 17.5, or the clearly visible gap in the volume profile will come into play as large amount of recent positions come deeply underwater. With new strong disruptions to major markets, a major crash in the share price to more solid support levels in the 12-14 range can not be seen as impossible However, any strong comeback from Nikola could cause a strong reaction to the upside. Attractive play to consider a trade with tight stop loss. :)
OSL:NEL
by savepiginvest
When to buy ODLOdfjell Drilling still has this big gap looming overhead from the Corona crash. And made a strong recovery impulse after. At the moment it seems to be in a retrace. The reason I highlight ODL right now is because a couple of things line up nicely. We'll have to be patient to get to the ideal buying moment, but we will get there! The fibs line up beautifully with the horizontal resistance/support areas AND we have a downward trendline that we are approaching. This gives us some great things to work with and find a good entry. Both the 0.5 or the 0.618 fib can be the targets of a retrace. So we either find support where we are currently and break the trendline (green line), or we go one step further down to the 0.618 fib and (hopefully) find support there before we break the trendline (orange line). But as long as this trendline is not broken, don't think of a buy!
OSL:ODL
by duco1