NOG is one of the best penny trade. The exchange rate has an amazing yield. The last decay wave was flattened on the wave axis. The exchange rate is going to turn. Its primary purpose is around US $ 3.44. Concluding the current price, nearly 430% profit. If we assume a one-year oil price increase, this level may be even higher. The movement of the exchange rate is made on a reverse wave structure whose axis is the original wave axis. At the turn, these shapes are uncommon. As for this, the ATR axle of W1 is only flat for a short time, while the second stage is sloping. As a matter of fact, the distance of the source ATR is twice as the now measurable W1 ATR distance. Therefore, the size of the current movements may be smaller than the size of the previous motion.
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NOG started to rise. The stock is supported not only by technical but fundamental speculations. Its long-term target prices are over 10 usd. I'll be back later. I'm currently waiting for a back correction movement around the US $ 1.00 level. Then it will increase by 2.36 usd target price.