Nordic American Tankers Ltd

NAT is in a Stage 2 advancing phase within its broad uptrend, underpinned by a clear Higher Highs & Higher Lows pattern. Price has recently pulled back into the rising 9EMA and 20EMA and is holding above these averages, presenting an orderly retracement rather than exhaustion. Execution should be deferred until there is clear acceptance of this EMA zone to confirm continued demand. Primary risks include a deeper pullback into the 50 DMA and failure to hold the EMAs, which would undermine the bullish medium-term structure.

• ↑Full fleet utilization resumed after Arabian Gulf delays.
• ↑CEO expects sustained high Suezmax rates for 1–2 years.
• ↓P/E of 22.7x suggests potential overvaluation versus peers.