NOL has been trading above 1.00 since Aug 2011 till now and this support seem likely to hold. Current support at 1.05 which was holding since July last year. If this 1.05 does not hold, likely to test 1.00 quickly. Possible to accumulate Long position as it nears the 1.00 Critical support level to participate on any rebound on a stronger market. Those looking to profit for a 6 cents gain can also consider shorting down the stock for a break in 1.05 support and close position near 1.00. As long as 1.00 holds as the support, we are bullish for a rebound. However, if the 1.00 gets sold down and breaks down to 0.985, we turn bearish, will close off all long positions and hold short positions instead for it to trade lower.
Stop loss at 0.985
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