Thursday, January 26, 2012

NOL

NOL: Trading Central has Technical Buy Call. Note the upside prevails as long as $1.22 is support. Alternative scenario: below $1.22, expect $1.15 and $1.1.
he RSI is trading above 70, which could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at $1.21 and $1.13).

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