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Norwegiantrading

NAT LONG TRADE IDEA

Long
Nordic American Tankers Limited (NYSE:NAT)  
Norwegiantrading  
NYSE:NAT   Nordic American Tankers Limited
Support and Resistance Trend Lines Candlestick Analysis NAT oversold rsi_oversold Oil dividendstocks
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supportandresistance trendline candlestick nat oversold rsi_oversold oil dividendstocks
Remember to leave a like if you enjoy my content! Remember to watch the oil price, because NAT has shown to go the opposite price of the oil.

RSI shows oversold + strong support line at 4.92.

If the price breaks the trendline, it could rally up to 5.35 or even 5.55

Remember to watch out, if the support is broken, the stock could go really low.

Risk/Reward ratio: 1.25
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