On Tuesday, NOL broke the critical resistance and closed at $1.035 with HIGH volume of 12.62 million shares traded.
A white candle sticks with short lower shadow indicates that investors have no hesitant in buying the stock higher.
RSI & MACD are flat as RSI trend sideways.
Important Resistance of NOL: $1.185
Immediate Support of NOL: $1.02
Currently prices are well below 20/50/100/200 days MA.
Today prices managed to recover back above the critical level of $1.02. This affirms that bulls are trying to push the prices back upwards.
However nothing is confirmed yet as the buying pressure is relatively weak compared to selling pressure on Monday.
We believe that bears will try to short this stock again in this week. Watch closely if interested.
On Tuesday, Genting SP re-tests the support at $1.49 and closed at $1.535 with HIGH volume of 0….