Current NOL chart looks bearish. A Bearish Engulfing candlestick pattern especially at the resistance level was observed. This is a reversal pattern after the recent rebounce. Keep a close eye that whether 20D MA crosses down the 200D MA in the next few days. If yes, NOL will start a bearish down trend.
NOL: Testing 200D MA Resistance
- Post author:Marubozu
- Post published:March 5, 2011
- Post category:NOL
- Post comments:0 Comments
Tags: Bearish Engulfing