Friday's daily candle closed above the 20 EMA which had been acting as resistance during the selloff since May. Just above the close is the upper end of a downward sloping parallel channel which requires a break of $4.8 to be a true breakout. With NAT residing above the 200 EMA, appearing to have put a bottom in at $4.25 and with the MACD signal showing a sharp upward move, I have to be bullish on this stock above the $4.25 level.
Disclosure: I bought some at the close on Friday 6/5/20 @ $4.72. You're also free to roast me if this one fails.
Disclosure: I bought some at the close on Friday 6/5/20 @ $4.72. You're also free to roast me if this one fails.
Note
Did indeed sell out for a 4% loss. Had that one good day but no follow through
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.