Months ago, I made an ill fated decision to go long in NOL. It was a decision based purely on TA and it was a trade that went awry. Straying from my tried and tested methodology of FA + TA plus a lack of a cut loss price has resulted in holding on to paper losses. I should perhaps stick to what I know best.
In more recent times, I traded shares of NOL and made some money. I bought as its price went to a low of sub $1.00 but by $1.22, I had divested. The strength with which its share price broke out of what seems to be a range has taken me by surprise although there were signs that price could have found a floor, if not the bottom.
Even so, the entire upmove in the broader market has taken much more seasoned investors by surprise. Just when we thought ......