Check out the article I have written that was picked up by Shares Investment last Thursday.
Are we seeing some strength now ? price 1.19
Are we seeing some strength now ? price 1.19
Technical Analysis
Technically, we have seen NOL staged a miraculous recovery since hitting a bottom in November last year. In early January, we have seen it break above the critical $0.85 resistance before trading upwards to $1.05 and then consolidating sideways for about 2 months from $0.93 to $1.05. A bullish Inverse Head and Shoulder has been spotted with neckline resistance at $1.05 – $1.06, which it had just broken above last week on exceptionally high volume.
Technically, we have seen NOL staged a miraculous recovery since hitting a bottom in November last year. In early January, we have seen it break above the critical $0.85 resistance before trading upwards to $1.05 and then consolidating sideways for about 2 months from $0.93 to $1.05. A bullish Inverse Head and Shoulder has been spotted with neckline resistance at $1.05 – $1.06, which it had just broken above last week on exceptionally high volume.
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