On Friday, NOL re-test resistance at $2.14 and closed at $2.14 with regular volume of 10.33 million shares traded.

A white candle stick with long upper/lower shadow affirms to the easing of selling pressure as bargains hunters come in to swoop up the stocks.

RSI & MACD are bearish as RSI trend downwards.

Important Resistance of NOL: $2.14

Immediate Support of NOL: $2.08

Currently prices are supported by 200 days MA at $2.08.

200 days MA has been supporting the prices since May 2009 and till now it has been doing a good job.

Thus the support at $2.08 is expected to be very strong since it is both a technical and 200 days MA.

If interested, do consider $2.08 as entry point and NOL is our weekly stock pick.

On Friday, Golden Agri trend downwards and closed at $0.71 with ...