On Monday, NOL re-test the support at $1.09 and closed at $1.095 with LOW volume of 2.11 million shares traded.

Both RSI & MACD are bearish though RSI in overbought area.

Important Resistance of NOL: $1.12

Immediate Support of NOL: $1.09

Currently prices are resisted by 200 days MA at $1.12.

For the past 4 trading sessions, prices have been consolidation along the key support at $1.09. This signals that the selling pressure has eased.

The support at $1.09 is expected to be strong.

We would not suggest to buy NOL now as prices have been trending downwards since 27/Mar. However NOL is also approaching the critical resistance at $1.055 which likely to trigger buying pressure from investors again. Do monitor this stock if interested.

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