Monday, May 9, 2011

NOL: A favourable wind is blowing.

NOL was a star performer today as its share price advanced 9c or 4.9% to close at $1.93, the day's high. A long wickless white candle was formed on the back of very high volume. This bodes well for the bulls and we could see the company's share price pushing higher tomorrow.


Higher up, much stronger resistance would be felt in a band from $1.98 to $2.00.  The trendline resistance also