Bought NOL at $1.92
Primary reason was due to the general MACD divergence. I initially queued at $1.90 when the price was $1.91, but as time passed, support turned resistance was breached at $1.92 and hit a day high of $1.93. Thus I decided not to wait anymore and queued at $1.92 instead.
Secondly I'm hedging myself with the flow of STI(again). Apparently STI seemed to be on an uptrend. During an uptrend, prices hit the top of the envelope, retraced back to the value zone, and continue its way up again, which is probably happening right now. However, this portion of the uptrend might not last long. I'm judging this from the height of the MACD of STI last week. Bulls were so strong that the height of the MACD Histogram was at almost 10 months high. To match this strength, I'm afraid ......
Bought NOL at $1.92
Primary reason was due to the general MACD divergence. I initially queued at $1.90 when the price was $1.91, but as time passed, support turned resistance was breached at $1.92 and hit a day high of $1.93. Thus I decided not to wait anymore and queued at $1.92 instead.
Secondly I'm hedging myself with the flow of STI(again). Apparently STI seemed to be on an uptrend. During an uptrend, prices hit the top of the envelope, retraced back to the value zone, and continue its way up again, which is probably happening right now. However, this portion of the uptrend might not last long. I'm judging this from the height of the MACD of STI last week. Bulls were so strong that the height of the MACD Histogram was at almost 10 months high. To match this strength, I'm afraid ......
