Oil prices continue to remain low as OPEC stuck to its target of not cutting oil production. OPEC’s decision caused oil-related stocks to head south. This trend can present to retail investors two buying opportunities in stocks: first, to buy quality offshore and marine stocks at good entry points and second to buy stocks which will benefit from the low oil prices. Transport stocks have been said to be the stocks to benefit from the low oil prices.

One of the transport stocks that is on my “radar” is NOL stock. NOL stock reached a low price of $0.74 on 18 Nov 2014, since then, NOL closed at $0.82 on 28 Nov 2014 and this translated to almost 10.8% increase in the stock price. Technically, I think NOL stock should be heading north as its moving averages are going up, the MACD is heading north too and …