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NODL long, short-term MAs moving up. Northern drilling seems to have bottomed out after an extended devaluation period. The stock has oscillated between 3 and 6 NOK for the past months and looks to have entered a bullish channel. Technical signals include a recent 10 and 20 MA crossing up in the 4 hour and 1 day intervals. The stock's potential ability to break out over its resistance levels at 5 and 6.7 NOK could indicate a longer bullish trend. Stochastic RSI and RSI indicate that the instrument is close to or overbought as of now. Operating revenue first six months of 2020 increased from last six months of 2019, however second quarter results decreased YoY compared to second quarter of 2019.
NLong
by electricalTuna1995
Norwegian Air shuttle's potential - stock price down 99.72%Hello you all As you know Norwegian Air Shuttle is a company which is heavely affected by the actual pandemic. So why could the stock have a huge potential in the near/medium term future? - Chinese government invested via BOC Aviation into Norwegian - cash burn reduced to <300 million NOK per month - current stock price 99.72% under all time high Norwegian announced at the beginning of the pandemic, that there will be a liquidity risk from Q4 2020/Q1 2021. Norwegian is currently talking with the Norwegian government for another bailout. If that will be accepted, it could give the company money for another six month's or so, which means, that a bankruptcy is unlikely during that period of time. Chances of a higher stock price stands pretty good. In my opinion it makes totally sence that the stock price went down heavely during this time. But 99.72% of all time highs? Nevertheless, be careful, the company has a possibility to go bankrupt. Could go to zero.
OSL:NASLong
by iTsTricky
10
Norwgian Air Shuttle (NAS)"The time to buy is when there's blood in the streets." - Baron Rothschild So if you are looking for said blood the Norwegian Air shuttle (NAS) might be worth a serious look. Background: Biggest airline company in Scandinavia. One of the biggest in the world (I believe Top 6). It's based in Norway. Norway is a rich country. "Oil rich". Like many other airline companies the company is suffering massive losses. The state of Norway has already helped the company out a lot. Pros: As just mentioned Norway is rich, and I believe that the state will do everything in it's power to rescue the company. I believe the company will keep asking for more help until things get back to normal in 2022/2023. Cons: It's still a falling knife. Never catch a falling knife. The company has been suffering pre-COVID-19 too. The company has never been through this big a crisis. It could end up in bankrupcy this time. Know this if investing. Technical analysis: To hell with technical analysis at this point. All support has been broken. I love TD sequentials though. Looking at the daily the TD countdown of 13 was reached monday and next monday could give us another 9 sell on the TD setup. Be careful. Cheers
OSL:NAS
by FourApplesADay
2
PCI Biotech $PCIB bullish breaching 100EMA coming into Q4* Norwegian Drug Delivery Platform Biotech operating within the Oslo Cancer Cluster * Notoriously volatile norwegian small cap with large amount of stock held by enthusiastic retail investor crowd. * Ongoing research collaboration with AstraZeneca recently concluded, longs betting on partnership deal incoming. * Stock typically rallies ahead of quarterly reports and experiences sell the news events. * Norwegian biotech flying at All Time High valuations after recent Vaccibody partnership with Genentech.
OSL:PCIBLong
by savepiginvest
$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