News to read, (by JOC - 8 July 2011)
Negative News on Container Shipping Liners - Supply over Demand.
http://www.joc.com/container-shipping/braemar-forecasts-record-boxship-capacity-growth
July 11-15, TA for NOL
- Trend - Down
- Momentum - Moderate
- Support - 1.45
- Resistance - 1.55
- Volume - below average
- Candlestick - black hammer (bullish) + doji (indecisive)
Just to take, in my last blog on NOL - it is a discount NAV. At least, it shows give some basic investment value. As the TA signal is weak, price is resisting along the 20D MA + within the trading range of Support/Resistance.
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