Thursday, April 16, 2015

NOL - Bullish Inverse Head and Shoulder spotted - a series of buy call then 1.10 NOW.

Can it cross above our first target at 1.10 now as mentioned yesterday at 1.07?

Sent: Wednesday, April 15, 2015 3:34 PM
Subject: ******************** Breakout Spotted: NOL - Bullish Inverse Head and Shoulder spotted - more upside above 1.05 - 1.06, price 1.07
NOL has broken upwards above the key resistance at 1.05  1.06 today on above average volume. Staying above 1.05 now can see it trade upwards towards 1.10 then 1.14 level. A Bullish Inverse head and shoulder spotted with resistance also at 1.06 level, and breaking above can finally signal a reversal to upward trend in the longer term. MACD indicator still showing momentum especially on this breakout. Stop loss can be at 1.04 for long positions. As long as 1.05 support holds, short term positive.

Sent: Thursday, 26 March, 2015 9:16 AM
Subject: **************** Breakout Spotted: NOL - more upside towards 1.05, price 1.02.
As per yesterday’s call, it has indeed broke above the 1.00 psychological resistance too. Volume remains strong today as it head towards our target at 1.05. Can consider taking profit as it nears this level which has been holding as resistance since the beginning of last year. Any clear breakout above 1.05 – 1.06 level can open the way to a new upward rebound phase to 1.10 then 1.14 too.

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