Shares & Derivatives
NOL: Fundamentals and technicals.
By A Singaporean Stockmarket Investor (ASSI)  •  May 6, 2011
NOL's decline in price came to a halt as news of falling price of crude oil gave a boost to the share prices of transportation companies. NOL should also benefit in time from the "tight capacity of container boxes as well as almost full deployment of container ships (which) would make freight rates very sensitive to any upturn in demand." Could we be seeing the early days of a reversal? Well, I bought into NOL at $1.95 and $1.90, believing that it was range bound with support at $1.90. Well, we know what happened after the counter went XD. Price went on to touch a low of $1.80 two sessions ago, confirming that the counter is still in a downtrend. If price were to rise ......
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By A Singaporean Stockmarket Investor (ASSI)
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