TA for NOL,
Trend - Down (confirmed by MA, MACD and Ichimoku)
Momentum - Oversold
Resistance - 1.81 (break support turn resistance)
Support - 1.74 and 1.65 (from 24May and 19Feb 2010 respectively)
Candlestick - NA
Volume - >2.5x Volume selling down
NOL as indicated in my previous blog is a down trend. If you SHORT it, congratulation to you. Again, this stock never disappoint you by dropping even more, worst of all more anticipation of shorting activity. If you see the trend line pattern, it another nice downward sloping trend line.
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