NAT trade ideas
NAT - IDEAIF WE BREAK RESISTANCE. IS THIS THE MEASURED MOVE WE CAN EXPECT ? OR DOES IT DROP SOME AND GIVE US A CUP AND HANDLE ? LET'S SEE
NAT imminent channel breakout/MACD crossFriday'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 upward move, I have to be bullish on this stock above the $4.25 level.
Disclosure: I bought some at the close on Friday 6/5/20 @ $4.72. You're also free to roast me if this one fails.
Getting In On The Pullback. This Screams Short SqueezeBeen watching this one for a while. I plan on getting in on the pullback, but this could hit the 8-9 dollar mark. I'm watching, and waiting. This first uptick was the first indicator.
Sell your shorts! Buy a pair of pants!4% short intrest droped off and will probly continue for many days to come nat will have a big uppswing. Still 18M shorted shares to be baught only 700k baught so far letts see this stock sky rocket.
Shorts at 9$: Dropped 50% expect a 3day climb.18M shorts moved in at 9$.
Will take 3 days to leave their short positions.
Thats why it's down 50% from high's.
Shorts will give this stock back wind to accelerate the price im waiting for a 3 day - climb up from the shorts leaving this stock.
It might happen after div payouts.
We will soon be over 9$.
Don't Sleep On NAT Just YetPeople say this is a junk stock, BUT I beg to differ. I have been watching this one, and I believe the bounce will happen, and when it does, it's going to rip. I haven't jumped in yet, but I am waiting and watching.
How to profit with this financial oil Crises - NATThis chart looks super bullish but we need to wait for the right entry point.
If the target price is reached first then we for a short
$NAT IF IT SURVIVES CURRENT SUPPORT AT 4.89 THEN.....$NAT IF IT SURVIVES CURRENT SUPPORT AT 4.89 THEN 5.61 IS MY 1ST TARGET AND 7.40 IS MY TARGET NUMBER 2
WHO KNOWS MAYBE WE WILL SEE IT AT $8 AND $9 again
$NAT is Heading To $7 if it can survive th 4.88-4.91 support we will see a nice breakout towards $7....
NAT Rebounding off 618 Fibb?NYSE:NAT Is the selling over? Is bullish rebound in progress close to .618 fib?
Considering bullish entry for swing trade.
Disclaimer:
I do not offer financial advice nor am I a certified financial advisor. I am self educated in investing and trading in the stock market with over 20 years of experience and share information here as contribution to the community.
NAT will go up atleast until Ex-Dividend Date 2020-05-222 target prices...
Fib 61.8 & Fib 161.8 take profit levels
NAT Might be a Real Winner Next WeekI will definitely be watching this one. It has to test support and show an uptrend before I jump in, but it looks promising.
NAT long for not only gains but DividendsNAT will pay some of its largest dividends in its history this year, with global storage demands at an all time low they can charge higher rates for their storage of oil. With airlines and travel being greatly reduced I do not see any reason why we won't have an oil storage crisis for the rest of this year at a minimum.
I am a buyer at $5 and below, with a price target of $10-12$. The probability of losing money on this is low IMO. Their Q2 results should be the best they have ever had.
They have 21 super tankers that hold a million barrels each.
Long $NATNYSE:NAT
Long $NAT if it holds that support line. Very tight stop -- either the trade works or it doesn't.
Entry - $5.30
Stop - $4.80
Target - 6,7,8 range.
P/L: ~4-5:1.
NAT is ready to test ATHEarnings are coming next week and knowing that the company would have greater earning the stock is going to ATH
Nordic American Tankers LtdSupport at $5.4 Was Broken
Look Out for Next Support at $4.2
Possible Pullback Before Heading to $4.2
