#NUOG #NuOilAndGas – Hold above 200DMA and it’s on!

#NUOG #NuOilAndGas – Hold above 200DMA and it's on!

Didn’t quite get to the 78.6% retracement , but broke nicely out of a falling wedge (which I hadn’t spotted on my previous chart attempt).

The price has also popped its head above the 200DMA again, and has spent the last few days back-testing it. A strong move off this in the next day or two should cement the end of the correction period and begin a new bullish wave formation.