On Friday, NOL re-test the resistance at $1.45 and closed at $1.445 with LOW volume of 8.18 million shares traded.

During the past 10 bars, there have been 3 white candles and 5 black candles for a net of 2 black candles.  During the past 50 bars, there have been 24 white candles and 21 black candles for a net of 3 white candles.

RSI & MACD are bearish as MACD perform a “death cross” recently.

Important Resistance of NOL: $1.45

Immediate Support of NOL: $1.37

Currently prices are supported by 20 days MA at $1.37

For the past 2 weeks, prices have been trying to break out of the resistance at $1.45 but failed.

The resistance at $1.45 is expected to be very strong.

Pull back is expected on overbought market thus we do not advise to buy now.

On ...