On Monday, NOL re-tests the resistance at $1.17 and closed at $1.11 with HIGH volume of 15.91 million shares traded.

Both RSI & MACD are bullish as RSI trend upwards.

Important Resistance of NOL: $1.135

Immediate Support of NOL: $1.095

Currently prices are resisted by 20/50/100 days MA.

Today NOL undergo heavy buying pressure as it attmepted to break out of the critical resistance at $1.135 and $1.17. However NOL close lower on profit taking.

The resistance at $1.135 is expected to be strong.

On 22/23 Nov, prices has been going up in high volume and it seems that the rally have lost is strength today. However we believe there are room for more rally ahead for NOL. Watch for the support at $1.07 as entry if interested.

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