Tuesday, August 18, 2015

NOL: More downside for NOL as mentioned yesterday?

Seeing a low at 0.83 today, let’s see if it heads towards the next 0.800 psychological support level….

Sent: Monday, August 17, 2015 10:45 AM
Subject: ******** NOL: potential breakdown below 0.84 - 0.85, cautious, price 0.845
NOL has traded back to the resistance turned support at 0.84 – 0.85. Any breakdown with clearing of 0.84 buyers can serve as more confirmation with target to 0.80 then 0.74. 20 day MA line has just started to reverse downwards after moving upwards for more than a month. A bearish rounding top pattern seen with support at 0.84 too. Monitor for more downside if support fails again.

No comments:

Post a Comment