On Monday, NOL continue to drift upwards and closed at $1.84 with LOW volume of 2.92 million shares traded.
A white candle sticks with long upper/lower shadow similar to Doji affirms that investors are hesitant on the stock prices ahead of the loading reports due today.
RSI & MACD are turning bullish as MACD lines about to perform a “golden cross”.
Important Resistance of NOL: $1.88
Immediate Support of NOL: $1.81
Currently prices are resisted by 20 days MA at $1.88
Prices have began to rebound from the support of $1.81 and could re-test the resistance at $1.88 ahead.
However we would like to warn that resistance at $1.88 is expected to be very strong and will not give way that easy. It will be a bullish signal if it is breached with high volume.
If interested in NOL, $1.81 support ...
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