Q & A--NOL

NOL today retraced to its 200daily moving average at $1.49 due to profit taken, after last week stunning 22.3% gain. It already formed a nice uptrend since the rebounce from Mar low, the first defence will be at 1.34 support if it continue pull back, then the major support is at 1.24, this is the key point to keep the uptrend intact. Whereas the major resistance is at 1.7 if the uptrend resumed after its retracement.



So key point to watch out: 1st support =1.34, major support=1.24, major resistance=1.7