NOL is currently testing the critical 1.200 psychological resistance level at 1.20 which it has stayed below for about 1 month. Day high is 1.205 currently. Still not a convincing breakout at this level. A trading buy if the 1.205 to 1.215 level get taken up fast. IF that happen, a new support level at 1.20 can be found and we are bullish as long as 1.20 remains as support. Note that 2 days back, it has crossed above the 20 DAY MA (Green line), which also possibly signifies a short term uptrend is in place. Target price from 1.25 to 1.28 level.
Stop loss at 1.18
No comments:
Post a Comment