On Friday, NOL re-test the resistance at $1.45 and closed at $1.445 with LOW volume of 8.18 million shares traded.
During the past 10 bars, there have been 3 white candles and 5 black candles for a net of 2 black candles. During the past 50 bars, there have been 24 white candles and 21 black candles for a net of 3 white candles.
RSI & MACD are bearish as MACD perform a “death cross” recently.
Important Resistance of NOL: $1.45
Immediate Support of NOL: $1.37
Currently prices are supported by 20 days MA at $1.37
For the past 2 weeks, prices have been trying to break out of the resistance at $1.45 but failed.
The resistance at $1.45 is expected to be very strong.
Pull back is expected on overbought market thus we do not advise to buy now.
On Friday, Kepland broke the resistance at $3.10 and closed at $3.13 with LOW volume of 6.01 million shares traded.
A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 4 rising windows in the last 50 candles–this makes the current rising window even more bullish.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
Both RSI & MACD going turn as MACD trend sideways.
Important Resistance of Kepland: $3.40
Immediate Support of Kepland: $3.10
Currently prices are supported by 200 days MA at $3.10.
Prices broke the resistance at $3.10 (200 days MA) with low volume which indicates on the weakness of the rally.
Pull back expected due to overbought market and lack of conviction rally. Thus we do not advise to buy now.
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