NOL

Commentary:

NOL was well supported right at prior low of around $0.94. The strong white candle on the last trading day was a good vouch that the support level was very strong. Price is poised for more upside possibility.

Strategy:

Price has move above MA5 which points to short-term bullishness. Traders can consider long position once price break above downtrend line. Price targets/resistance are set at various Fibonacci level.Traders should consider taking profit along the way up. The next resistance at $1.18 is likely to face some strong resistance with confluence of indicators. Strict cut lost policy should always be in placed.