NOL (Technical)

NOL: Trading Central has Technical Sell Call. Note that the downside prevails as long as $1.21 is the resistance. The RSI is below 30 and it could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 1.21 and 1.24).