NOL: Still holding strong as per yesterday upside breakout call amidst the market sell down today

Came down slightly but regained ground and closed at 0.925, let’s see tomorrow J

Sent: Tuesday, July 07, 2015 9:56 AM
Subject: ********** NOL: Breaking above 0.900 a good step towards recovery, price 0.91

NOL has traded below the 0.900 for about a month since breaking below it in June and today we have seen a strong breakout on above average volume above the psychological 0.90. This can finally lead to a long awaited rebound back to 0.94 then 1.00 as long as 0.900 holds as the immediate support. Stop loss can be at 0.89 to cap any losses and ride profits above  0.900. 0.94 and 1.00 also coincides with the 200 day and 100 day MA line which would serve as a resistance. MACD momentum indicator turning upwards with a bullish crossover with RSI also showing strength. Can consider long positions above 0.900 level. Has also broken upwards above the channel sloping downward line formed since April a few days back which can signal a reversal.