NOG up 138%.

NOG up 138%. The chart shows that the price movement has retraced the ATR axis (yellow dotted line). I expect a significant rise thereafter. The target price for the rise is determined by an ATR rule. The idea is that the percentage size of the ATR value of the previous rising wave gives the percentage size of the next rising wave. Based on this, we can see that the ATR value of the previous rising wave has risen nearly 138%. The assumed rise in the current rising wave sequence could also be 138%. Therefore the next target price is : 43.65 usd.