Shares & Derivatives
Stock Chart: NOL, SembMar!
By Dou  •  May 19, 2011

On Thursday, NOL re-test the resistance at $1.88 and closed at $1.86 with LOW volume of 9.89 million shares traded.

Separating lines occurred. If the lines occur during an uptrend and the first line is black and the second is white then this suggests that the uptrend should continue.

RSI & MACD are flat as MACD lines converge together.

Important Resistance of NOL: $1.88

Immediate Support of NOL: $1.81

Currently prices are resisted by 20 days MA at $1.88

Today prices re-test the critical resistance at $1.88 but failed to break through.

Support at $1.88 is expected to be very strong.

Once the critical support at $1.88 is breached, it could boost the confidences of the investors and prompt more buying interest.

Watch for any breakout of $1.88 resistance if interested. Do not suggest buying till at least $1.88 ...

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By Dou
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