On Friday, NOL re-test the support at $1.88 and closed at $1.88 with LOW volume of 6.55 million shares traded.

Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

RSI & MACD are bearish as RSI trend downward.

Important Resistance of NOL: $1.92

Immediate Support of NOL: $1.88

Currently prices are well below the 20/50/100/200 days MA.

The support at $1.88 has been holding the prices for the past few weeks and no selling pressure can be observed.

As NOL has been bearish lately forming a lower high and lower low, we would urged to wait at least $1.92 resistance to be broken before entry. This would at least provide some confidences to the investors.

On Friday, Golden Agri re-tested the support at $0....