Pre-Market Analysis: NOG - Northern Oil & GasNOG recently bounced off the $27.42 Support level held since March '23. We're looking for a 50% Retracement Retest at the $35.84 Levels, so we're looking for an entry around the current Price Levels that it's been consolidating in since March 5th. Even purchasing at the bottom of this current consolidation would require a Stop Loss around the $23.82 Price Level, with a price target of $35.84.
NOG trade ideas
NOG to $40My trading plan is very simple.
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is negative and at bottom of Bollinger Band
Entry at $35.75
Target is $41 or channel top
Northern Oil & Gas breaking supportNORTHERN OIL AND GAS - 60d expiry - We look to Sell at 39.40 (stop at 41.60)
Posted a Double Top formation. The overnight rally was sold into and follow through bearish momentum resulted in prices posting net daily losses. Trades at the lowest level in 10 weeks. In line with the possible early stages of a head & shoulders pattern and the strong rejection of gains, we look to set shorts in anticipation of a swing lower. We have a 61.8% Fibonacci pullback level of 35.00 from 29.57 to 43.64.
Our profit targets will be 35.00 and 30.00
Resistance: 41.57 / 42.86 / 43.64
Support: 38.25 / 35.00 / 29.57
Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group
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.
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.
US Stocks in the Spotlight: NOGNorthern Oil & Gas (NOG)broke out of a solid volatility contraction pattern on Nov 10th. A perfect buy point was established at the threshold of 36.3. Volume surged when shares broke out in September and have held above their 50-day line, despite high volatility since that time.
The stock is on its way into new all time highs and still in a buy zone.
NOG is the U.S.'s largest publicly traded non-operated oil and gas exploration and production company. It holds stakes in established oilfields in the Permian Basin in Texas and New Mexico, Williston in the Dakotas and Montana, and Marcellus in Pennsylvania.
The Minneapolis-based investor typically buys stakes in oilfields and partners with seasoned operators.
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.