On Wednesday, NOL broke the support at $1.30 and closed at $1.285 with regular volume of 15.54 million shares traded.

Both RSI & MACD are bearish as RSI trend downwards.

Important Resistance of NOL: $1.30

Immediate Support of NOL: $1.23

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

Today NOL undergo selling pressure as prices breached the critical support at $1.30. Although the selling volume is not high but it could trigger further selling down in the coming sessions.

The supported turned resistance at $1.30 is expected to be strong.

We do not suggest to buy now as RSI/MACD began to turn downwards and prices broke the critical support at $1.30. Selling would be a better option.

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