Shares & Derivatives
Stock Chart: NOL, StraitsAsia!
By Dou  •  May 30, 2011

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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By Dou
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