NOL: Technical Buy Call by CIMB. House note that after rebounding towards its 38%FR levels, the stock appears to be consolidating in a triangle pattern for the past month or so. Prices are also holding above its 50-day SMA.
Both its MACD and RSI are flattening out, which suggest that there might be a change in short term trend approaching. A hook up from both indicators would confirm that prices are ready to breakout of its triangle pattern. Stock is a buy with a stop placed below $1.335. If prices can breakout above $1.475, then prices could climb towards $1.56-1.63 next. Its 50% FR is at $1.66, which could also be another possible stopping point for the breakout run.
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