On Tuesday, NOL re-test the support at $1.045 and closed at $1.045 with HIGH volume of 3.45 million shares traded.

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

Important Resistance of NOL: $1.09

Immediate Support of NOL: $1.045

Currently prices are resisted by 20/50 days MA at $1.09.

Today NOL re-test the support at $1.045 with heavy selling pressure but managed to hold right at the support level.

The support at $1.045 is expected to be strong.

We would not suggest buying NOL as prices have been trending downwards forming a lower high and lower low since 11/Jan. However if really interested, do consider at the support level of $1.045.

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