On Thursday, NOL re-test the support at $1.10 and closed at $1.105 with HIGH volume of 9.51 million shares traded.

During the past 10 bars, there have been 5 white candles and 4 black candles for a net of 1 white candle.  During the past 50 bars, there have been 21 white candles and 25 black candles for a net of 4 black candles.

RSI & MACD are bearish as RSI trend downwards.

Important Resistance of NOL: $1.17

Immediate Support of NOL: $1.10

Currently prices are supported by 20/50 days MA at $1.10.

Today prices have re-tested the support at $1.10 with high selling pressure. It seems that bears are trying to push the prices down. This is a bearish signal.

The support at $1.10 is expected to be strong.

We would not suggest buying NOL due to its bearishness. In ...