On Wednesday, NOL re-test the resistance at $1.10 and closed at $1.09 with HIGH volume of 7.57 million shares traded.
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 24 white candles and 23 black candles for a net of 1 white candle.
RSI & MACD are bearish as RSI trend downwards.
Important Resistance of NOL: $1.10
Immediate Support of NOL: $1.01
Currently prices are resisted by 20/50 days MA at $1.10.
Today prices seem to be trying to break the resistance at $1.10 with high buying pressure but failed. This is a bullish signal as bulls are trying to push the prices higher.
The resistance at $1.10 is expected to be strong.
Do watch for any breakout at the …