Seems like it is breaking upwards after each minor consolidation.
Sent: Tuesday, April 21, 2015 9:37 AM
Subject: ******************* NOL - Bullish Inverse Head and houlder spotted -further breakout above 1.14 now, price 1.13
Subject: ******************* NOL - Bullish Inverse Head and houlder spotted -further breakout above 1.14 now, price 1.13
NOL has consolidated briefly for a week from 1.10 to 1.13 and we are see some actions again as it attempts to push higher. Any breakout above 1.14 immediate resistance can open the way to 1.20 in the short term. Note that this was also the resistance set in Jan last year which it failed to cross above. At current levels, 100 day MA line has crossed above the 200 day MA line which can show a trend reversal upwards still in progress. Watch list. Macd indicator still showing bullish momentum which can continue as long as 1.10 holds as the immediate support.
Sent: Thursday, April 16, 2015 9:35 AM
Subject: ******************** NOL - Bullish Inverse Head and houlder spotted -potential breakout above 1.10 now, price 1.095
Subject: ******************** NOL - Bullish Inverse Head and houlder spotted -potential breakout above 1.10 now, price 1.095
Currently testing the 1.10 psychological resistance level as mentioned yesterday. More upside if sellers at 1.10 – 1.105 clear out. WATCHLIST. Top 20 volume seen currently as it attempts a breakout. To 1.14 target first before it may consolidate slightly and then more direction.
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