Norwegian Air Shuttle (NAS): Navigating Through VolatilityI've been tracking Norwegian Air Shuttle (NAS) closely, and while it’s been a rocky ride for investors, there's always a sense of unpredictability with this stock. If you look at the big picture, Norwegian has been navigating through tough waters, but the company still holds potential for massive moves.
Looking at the chart:
We’ve seen a major drop over the last few years from the 18NOK region all the way down to 9.8 NOK. That’s brutal.
Recently, we’ve bounced back and are now around the 11 NOK level. While this feels like a bounce, the overall trend remains unclear, so caution is key.
There’s a lot of pressure around the 50 NOK resistance line, and we’ve got potential targets higher up at 100 NOK, 250 NOK, and even 500 NOK in a very bullish scenario. But we need to stay realistic about these targets.
What’s Next? With MACD showing some signs of reversal and volume kicking back up, we might see a push back toward 20 NOK if momentum builds up. But let’s not forget, there’s still heavy resistance above us, and the stock might retest the lower regions before confirming any further bullish momentum.
The support around 10 NOK is key right now, and breaking below it could lead to a further drop, possibly testing new lows. If we manage to hold, NAS might surprise us all with a significant rally.
As always, do your own research and manage your risks properly. Volatility is high, and while the potential upside is tempting, this stock is not for the faint of heart. A break above 50 NOK would be huge, but for now, let’s keep our eyes on how it behaves around 15-20 NOK.
Not financial advice, just my thoughts. Good luck out there, and happy trading!
