Technical Analysis
NOL / Cache / Indoagri charts
By Bully The Bear  •  April 28, 2011
Personal reference only.

NOL:




I think I mentioned in the cbox not too long ago about the possibility of seeing a triple bullish divergence. We're seeing it now. I still don't like the persistent downtrend line that the price seems so reluctant to break. I think 1.88 seems like a good entry point, exit at 1.96 thereabouts? Undecided whether to trade this or not.


Cache




I got in at 0.915, which I think is an excellent entry point. I see a bullish wedge formation with the neckline at 0.955/0.960. Not sure if the higher than average volume seen on Wed means anything. Will have to see if there's a followup on Thurs. With so many trenches dug in at 0.96, it might take a great effort to go pass that resistance. If it does, 0.98 and eventually 1.00 would be the way ......
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By Bully The Bear
La papillion is french for butterfly. This blog chronicles my journey from an amateur in the stock market to where I am today. Have I turned into a beautiful butterfly? I don't know, but I think my metamorphosis is still on-going now :)
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