On Friday, NOL re-test the support at $1.02 and closed at $1.03 with LOW volume of 4.77 million shares traded.

An on-neck line occurred. This is a bearish pattern where prices should move lower when the white candlestick’s (i.e., the most recent) low is penetrated.

A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

RSI & MACD are turning flat as MACD lines about to perform a “golden cross”.

Important Resistance of NOL: $1.17

Immediate Support of NOL: $1.02

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

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