kaptkoreatrading

NAT - Update Weekly View

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NYSE:NAT   Nordic American Tankers Limited
Still looking good. Backtesting the channel we broke out of last week. Bullish divergence played out and we're just starting positive momentum on the histogram. Earnings are coming up and that is the only catalyst i see ..but the energy sector is ripping right now since current administration doesn't like us drilling for oil....so let''s see if this is gonna be as good as we think. This asset has huge potential and a 7.00 plus target range possible. So to summarize...we have a double bottom....with divergence on the daily and weekly time frame....broke out of it's channel and is backtesting now...and all of this in an uptrend !! This is my largest current position and should be epic if it plays out.

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