Thursday, October 21, 2010


NOL: CIMB maintains Technical Buy call, following grp’s stellar results yesterday. Note that prices have broken out of its consolidation triangle and the $2.16 resistance. If $2.16 is taken out, prices could easily retest the $2.35 levels, followed by $2.50….

Other indicators look fairy positive with MACD and RSI hooking upwards from a neutral standpoint. Stop loss at $2.02 and $1.99.

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