By: rsotc

rsotc — Thu, 18 Feb 2016 01:14:53 +0000

@whoops I was just trying to catch up on questions & comments that I might have missed with all of the increased activity lately & just came across your question. After re-reading my post, I just realized that my caffeine must not have kicked in at the time I posted that update. That R1 level, the same one posted on this chart & the previous daily chart, is positioned at (exactly) 13.76. Pardon my brain fart & delayed response.I should have stated that resistance level as 13.75, not 13.25. The near-vertical momentum in NAT carried it above, what I meant to state as the 13.75 level, during the trading session today, only the see the stock close back below that resistance level. I often refer to this as a momentum-fueled-overshoot (of resistance or support, during a sharp selloff). NAT was also rejected off the 200-day EMA today, which is the red line on the recent daily charts that were posted. The 200-day ema has done a decent job of support & resistance on NAT in recent years. To answer your question, the next resistance remains the primary downtrend line from the weekly chart (still approximately 20% above current levels).

By: whoops

whoops — Wed, 17 Feb 2016 16:09:20 +0000

NAT is still looking good and it blow thru 13.25 like a hot knife thru butter! What is the next resistance? Thanks

By: rsotc

rsotc — Tue, 16 Feb 2016 18:39:35 +0000

@whoops Thanks. I do plan on increasing the number Growth & Income Trade ideas going forward.

By: whoops

whoops — Tue, 16 Feb 2016 16:00:41 +0000

Nice call, I like that you have growth and income ideas. Hope you will have more of them!!

Comments on: NAT Long Trade Up 14% While Approaching Resistance

By: rsotc

By: whoops

By: rsotc

By: whoops