Nordic American Tankers Limite approached the upper bound of the side trend at USD 12 for the second time in the last quarter. This mark is likely to become the key resistance level. Meanwhile, the time intervals between the equity approaching the upper bound have become shorter on the weekly chart. If the name closes above USD 12 this week, trading will move toward the USD 12-15 range. Investors are advised to purchase this equity in decline with stop-loss orders at USD 10 with the aim of reaching USD 14.
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