On Thursday, NOL broke the support at $1.17 and closed at $1.16 with LOW volume of 3.63 million shares traded.

Both RSI & MACD are bearish as MACD about to perform a “death cross”.

Important Resistance of NOL: $1.17

Immediate Support of NOL: $1.12

Currently prices are well supported by 200 days MA.

Today NOL broke the support at $1.17 with low selling pressure but continue to be supported by the 200 days MA.

The support at $1.12 is expected to be strong.

It is important that prices must remain above the 200 days MA. More selling will be triggered if this support is breach with high selling pressure. After which we will monitor if prices can be stabilized at $1.12 for entry.

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