On Monday, NOL broken the support at $1.05 and closed at $1.045 with regular volume of 10.53 million shares traded.

Three black candles occurred in the last three days.  Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

RSI & MACD are bearish though RSI in oversold region.

Important Resistance of NOL: $1.05

Immediate Support of NOL: $0.995

Currently prices are well below 20/50/100/200 days MA.

Since 11/April, NOL has been undergo heavy selling pressure and the breached of critical support at $1.185 on 9/May with high volume affirm on the bearish of the trend.

The support at $0.995 is expected to be strong.

We would not suggest buying now due to the bearishness. But watch for the support at $0.995 for any signs of consolidation.

Stock Chart: NOL! is contributed ...