Tuesday, November 24, 2015

NOL: Pushing close to our first TARGET at day HIGH !

Closing at 1.19 day high today after call issued yesterday morning! Can it break above 1.20 as mentioned? 

Sent: Monday, 23 November, 2015 9:24 AM
Subject: ******* NOL: Further breakout above 1.15 resistance see it a new high.... price 1.165
Following up from previous call, we have seen NOL break above the 1.15 resistance that has formed over the past week. A bullish Hammer candlestick pattern spotted last Friday where we saw huge buy ups at day end to see it close near day high. A further breakout above 1.15 today on top volume can see more strength with range to 1.20 resistance which was the high in April this year before a decline. As long as 1.15 remains as the support now, we can expect some upside towards the 1.20 level where it can attempt a further breakout with target at 1.30 next. Stop loss at 1.135 for now. 20 day MA line still sloping upwards with MACD positively above the zero mark.

No comments:

Post a Comment