It seems to me that NOL's share price has found a floor, if not the bottom.
If we were to draw a trendline connecting the highs since 5 Jan 11, it is obvious that the long term downtrend remains intact. This trendline approximates the declining 100dMA which makes this the MA to watch. Then, why do I say the share price has found a floor?
Looking at the MACD, we see that it has been rising
