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NOG

NOG to breakdown?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 posted. Our profit targets will be 25.88 and 25.38 Resistance: 30.44 / 31.00 / 32.60 Support: 29.57 / 28.50 / 27.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:NOGShort
by VantageMarkets
1
Buying NOG at trend of higher lows.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 / 34.00 Support: 29.45 / 27.60 / 26.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:NOGLong
by VantageMarkets
NOG:Triangle to cap gains!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 22.00 Resistance: 34.00 / 39.00 / 45.00 Support: 25.40 / 18.00 / 12.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:NOGShort
by VantageMarkets
NOG correction over, rise could start. 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 sequence together are widening, indicating higher volatility. Alternatively, it can be seen that the size of the first correction of the wave sequence entering the ATR axes and the size of the current correction is exactly twice the size of the (orange) square. This means that the current correction is a fractal of the first correction. This may help in that if the correction phases are fractals, we can expect the rising phases to have fractal properties. So, the rising fractal that will arrive soon should have a size similar to twice the size of the rising fractal after the first correction. This means that the next rising fractal wave sequence target price is : 45.16 usd. This is the technical picture. This analysis is also supported by the mathematical analysis model of Simply Wall str. where currently the fair value of NOG is 43.25 usd. To sum up : I expect a further significant rise.
NLong
by meszaros
2
NOG up 138%.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 the ATR value of the previous rising wave has risen nearly 138%. The assumed rise in the current rising wave sequence could also be 138%. Therefore the next target price is : 43.65 usd.
NLong
by meszaros
1
NOG is expected to rise more sharply.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 sequence. So here again we can say that we are dealing with a fractal. In this case we have to follow the fractal rules. I expect the size of the next uptrend to be 32%, target price : 19.60 usd. Tomorrow is a good day to take a long position.
NLong
by meszaros
1
NOG is ready to turn... 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 expected. Otherwise, it's a great place to take a long position. The primary target price remains 2.71usd
NLong
by meszaros
4
NOG before a 49% rise... 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 of this is that the regularity of the fractals follows one another, but their size can be half or even double the size of the previous fractal. In case this theory seems to be confirmed the target price rise of 2.69 usd.
NLong
by meszaros