Monday, May 18, 2015

NOL: Breakdown further as predicted last Friday ! price 1.045

When is a good time to accumulate again, let’s see !

Sent: Friday, May 15, 2015 10:55 AM
Subject: ***************** NOL: Short term weakness expected below 1.09 - 1.10, price 1.085
NOL has broke down the 1.09 – 1.10 support which it has consolidated above for about a month. This can pave the way lower as it retraced downwards to 1.05 then 1.00 psychological support. Technical indicators are currently looking negative especially with today price action. As long as 1.10 is an immediate resistance, likely to see some downside before any technical rebound. Longer term trend may still be positive so it can still be a good opportunity to accumulate on dips for those who have a longer term view with both 100 and 200 day MA line still sloping upwards.

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