On Thursday, NOL broke the support at $1.055 and closed at $1.045 with HIGH volume of 6.99 million shares traded.

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

Important Resistance of NOL: $1.055

Immediate Support of NOL: $1.01

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

Today NOL undergo heavy selling pressure and broke the critical support at $1.055. This is a bearish signal.

The support turned resistance at $1.055 is expected to be strong.

We would not suggest buying now as more selling pressure likely to trigger since this critical support is breached. Wait for any consolidation at $1.01 support would be a better idea.

Stock Chart: NOL! is contributed by : Singapore Stock Information Exchange