PGS Short term resistance I believe this resistance will be broken in the next 10 days, after that the technicals for PGS look much better, and an increase in stock price is highly likely. PLongby Funnyfly5010
PGS Support channelMajor support channel for PGS. The company aslo has a great year coming, i belive we will see more than a 100% gain in stock price, we should also see 20kr this year or early 2024. PLongby Funnyfly501333
ScatecHuge descending triangel with huge bull rsi divergence and some good RSI breakout on Daily. Longby Tradingjob11
Plane crash incommingGoodbye Norwegian. Thank you for all the knee pain. Too bad we couldn't have a privately owned airline in Norway. We had to prop up a zombie semi nationalized airlie again and again to destroy the market. But thank you for trying. Shortby BullsOfHymir1
Volmarokk is on!Nothing more to say. Here we go! Hold on to your shorts this slide is going to be fast.Shortby BullsOfHymir660
Analysis: Bearish Channel situationAs you see on the chart we are in a bearish channel situation. So if we have a breakout with force the vwap indicator and the resistance line by a big green candle with a large green volume we will have a big probability of an uptrend. In other hand, if we have the breakout with force the support line by a big red candle with a large red volume it's mean that we will have a big probability of a reversal trend (downtrend).Thanks.by PAZINI195
Sell idea: SqueezeAs you see on the chart we have a sell idea because we have a squeeze after an uptrend. Thanks. by PAZINI191
Sell ideaAs you see on the chart we have: - a squeeze; - Bullish channel situation: After the breakout with force the support line we will have a big probability of a downtrend.by PAZINI190
Is This The Rock Bottom For Ocean Sun Resistance at 8,- Nok To break upp to the chanel 8-15 Nok Falling down 90 % from the Top peak. IPO at 18 Nok And lots of Innsider buying stocks in okt- November 2022. They have som pilot protjects whith some larger energy companies Spesially Norway and China. They are Now to be evulated for Bigger contracts. So this can be a green Diamant to look for inthe future. Incomming contracts will be a huge change for this company and whith that a huge uppside follows for this Stock Is The 2023 The year for this company to come back . I think so. oceansun.no e24.noLongby nova-lusus2
no short this time One might assume that a short position would be worthwhile. However, I am bullish on this stock. It could be the breakout of the falling wedge. The market is also too volatile for me for long leverage. I continue to hold the stock.Longby lowfly354711
Analysis: reversal trendAs you can see on the chart we are in a downtrend case. It could have a trend reversal (bullish) if the vwap indicator as well as the resistance line are forcefully broken by a large green candle and followed by large green volume.Thanksby PAZINI190
AnalysisAs you see on the chart we are in a downtrend so we will have a big probability of downtrend continuty after the breakout with force the support line by a big red candle with a large red volume. But, in other hand we could have a reversal trend (uptrend) after the breakout with force the vwap indicator and the resistance line by a big green candle with a large green volume. Thanks.by PAZINI19110
Patient will pay of. in the next 25 days. NEL ASA Is an under-the-radar company - It was not the fast track company and I did a silly buy a year ago. But most likely you will hold your loss confidently if you know what's behind the scene. That's what I do. Now you have 15 days to analyze the company while it will retrace a little bit and take a position. Its cheap so think about that you gonna buy some expensive Jeans - 100$ Do not expect to fit the Jeans if you don't try them before (due diligence). Have fun -ElGatoTrade by ElGatoTradeUpdated 1
Short medium termAccording to the current structure ,we first need to break the low before to start looking for a possible move up !Shortby Centaurus_A1
Bakkafrost a Faroese fish farming company for salmonMany will probably change their positions in Norwegian fish farming companies to Bakkafrost after a bill on resource taxation. Most people were not aware that the political risk in the salmon industry was so great in Norway. Trend lines and pivot lines are determined by a longer time horizon than current charts in a year. Bakkafrost is located in a falling trend channel. It is seen by the chart and the long Moving Averages. From late September, the stock is in a short rising trend. It is supported by SMA 7. The volume balance is negative two months behind. Volume is falling from a peak end September. On Balance Volume flat development in 28 days. RSI 21 rising from September and now around 60. Marginal break up at 530.5. Support around 494.5 and resistance around 584.5 Oscillators and Moving Averages stand one day on bay, one week on neutral and one month on sell. Consider the stock technically positive in the short term and neutral on the medium time horizon. Note here it is preferably a technical analysis, but fundamental analysts have a more positive view of the stock especially after it was pulled down when the other salmon stocks on the Oslo Stock Exchange fall. Bakkafrost used to be among the most efficient operators (ebit/kg), but since acquisition they have struggled with operations in Scotland. Remember that you need to do your own research and assessment before buying and selling. Disclaimer: I hold a position in the stock. Sources: Trading View www.bakkafrost.com by scorpiris1
Bearish Divergence and Shooting StarYesterday Autostore was up 120% in 26 trading days. Q3 report on 10.th of November. I do not expect a very good report and price might dump to approx nkr 15. Stock is now very overbought with bearish divergence and shooting star pattern. Shortby ZollyUpdated 1
Var Energi“Var Energi” went stock exchange listed in February. The stock is not in any long trend, no what best describes the price is a REC that the price fluctuates in. There is a double top that is to some extent supported by volume. Its width is 6 months. Immediately there is a break of 4%, but since the end of September the price has been hovering above and below the break line. The volume balance is negative both 1 and 3 months back. RSI 14 follows REC. The sum of Oscillators and Moving Averages stands one day on sell and one week to one month on strong sell. Consider the stock technically negative in the medium term. Note here it is a technical analysis, but fundamental analysts have a more positive view of the stock. Remember you need do your own research and assessment before buying and selling. Disclaimer I have no position in the stock. Sources: Trading View by scorpiris0
recsi long play on the weekly timeframe.i see potential for a long posistion whit an upside of 20 - 25%. as we can see recsi is in an uptrend and has the 100ma and 200ma on the right side. we can also see price rejecting the 100ma and making the 100ma work as support. i would put my take profit at 22-24kr and stop loss at around 16,5 giving us a 1.77 risk/reward ratio.Longby kasperessi0
Norwegian pennystock Flex LNG (Natural gas transportation)Table of contents: § 1 About FLNG § 2 The market § 3 Why I am bullish § 4 The risks § 1 Flex LNG(FLNG) is a Norwegian company. They specialize in transporting liquid natural gas around the world for heat, cooking etc. They also create ships themselves, specially created within the CE regulations to ensure safe transport, as natural gas is highly flammable and explosive (who would have figured that one out...) Now, FLNG has done something that might be incredibly smart or it might be incredibly stupid depending on which way things goes: Most companies transporting gas and oil get a fixed rate on the transport, however FLNG has made it so they get paid based on the spot price of natural gas (futures are called NG1! if you want to see the price) This means if the price of natural gas goes up, so does their revenues, which also creates an interesting scenario for us as I will explain in more details in § 3. § 2 FLNG's market is mostly based in China and India (~2 billion people) which in latest years have used a lot of coal for heating, the problem with burning coal is that it's very harmful to the environment, it releases a lot of CO2 and last but not least it releases microscopic particles in the air increasing cases of astma and COPD (Chronic Obstructing Pulmonary Disease) which I don't have to tell you - is reall bad. Now both China and India needs to move over to a more environmental friendly source of energy and heat, this is where natural gas comes in. When you burn natural gas, you only get CO2 and water as a biproduct, which is still bad for global warming, but does not increase cases of COPD or astma. § 3 I am bullish when it comes to FLNG as I believe it will be ranging a lot based on time of year, as we can see when it comes to natural gas spot prices, this can make it a lot easier to predict price movements, as price has historically been highest in the winter (because it's cold and people need more heating, again, who would have figured...), and lower in the summer as very few people need heat in the summer. I also think that because the market is so huge with at least 2 billion people I think there is a LOT of room for expansion. § 4 Although I believe this is an up and coming industry that will be huge the coming years, there is no guarantee that FLNG will be the leaders in the market, but seeing as Norway historically have been one of the leading ship builders and also leading within oil technology I strongly believe flex have a high potential. However, if it does not reach a 50-100% increase within February, it will likely not happen this year as spot prices will be on their way down again. Another risk is market turbulence which might hurt FLNGs price. To end it off with a little bit of my techincal analysis: Price bounced from the 80NOK mark (~$10) where it has not been since it's true pennystock days where liquidity was scarce. Price was trending downwards after the winter just like NG prices have too. I believe the 80NOK level will hold because a lot of bigger institutions bought in at 120NOK and I believe they will either look to average down around the 80NOK mark to get their average to 100NOK to lower their overall downside. And as we are smarter than the institutions (not really) I came up with an idea on how to spot more accurately when price is likely to explode (thank me later): Look at weather forcast for the most populated areas in China and India, when temperatures start dropping it's probably time to buy either FLEX or NG futures. Thank you all for reading and have a great rest of your day.Longby DonBboyUpdated 111
$SALM norwayLooks like 5 waves complete with ending diagonal in C of 5 of 5 .. Cannot find any news accompanying except supposedly successful CEO steps down after only few months by raulmarcusbruno0