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NOL
Nov 7, 2015 7:27:31 GMT 7
Post by zuolun on Nov 7, 2015 7:27:31 GMT 7
odie, NOL is likely to move higher high to hit S$1.10 and to retest the last high @ S$1.20, b4 it crashes down, again. Based on the trading strategy of using the 20d SMA and the 200d SMA, the signal given is to go long and play the "chicken run". Thanks bro zuolun for update it sure looks like a double top in the charts a few days before this odie, For a mid-term view (6-month timeframe) on NOL, if you compare the latest weekly chart dated 6 Nov 2015 with the earlier one dated 8 Oct 2015 one month ago; the positive crossover of the 10w/20w SMA above S$0.91 also signals a buy as the share price is now being pushed up to the upper bollinger band closing @ S$1.045. Once the immediate resistance (higher high target projection) @ S$1.10 is hit and successfully cleared; expect a pullback due to profit-taking. And should the resistance at the last high of $1.20 is hit and re-tested again, the probability of NOL forming a double top and crash down is not impossible. However, should the share price hover @ $1.20 and shoot higher with extremely strong volume, then the double top @ S$1.20 could be negated and NOL might challenge the next higher resistance @ S$1.31, which is the neckline of a rounding bottom formation. A stop-loss level should be placed at the immediate support @ S$0.97 if you intend to long NOL at $1.045 +/- NOL (weekly) ~ Trading in a downward sloping channel
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Post by zuolun on Nov 9, 2015 8:15:57 GMT 7
odie, NOL is likely to move higher high to hit S$1.10 and to retest the last high @ S$1.20, b4 it crashes down, again. Based on the trading strategy of using the 20d SMA and the 200d SMA, the signal given is to go long and play the "chicken run". Thanks bro zuolun for update it sure looks like a double top in the charts a few days before this odie, For a mid-term view (6-month timeframe) on NOL, if you compare the latest weekly chart dated 6 Nov 2015 with the earlier one dated 8 Oct 2015 one month ago; the positive crossover of the 10w/20w SMA above S$0.91 also signals a buy as the share price is now being pushed up to the upper bollinger band closing @ S$1.045. Once the immediate resistance (higher high target projection) @ S$1.10 is hit and successfully cleared; expect a pullback due to profit-taking. And should the resistance at the last high of $1.20 is hit and re-tested again, the probability of NOL forming a double top and crash down is not impossible. However, should the share price hover @ $1.20 and shoot higher with extremely strong volume, then the double top @ S$1.20 could be negated and NOL might challenge the next higher resistance @ S$1.31, which is the neckline of a rounding bottom formation. A stop-loss level should be placed at the immediate support @ S$0.97 if you intend to long NOL at $1.045 +/- odie, The "chicken run" has no meat now, don't chase high to buy. The chengkay had capitalised on TigerAir's buy-out news to pump up NOL's share price with high volume 7early8early at pre-opening in the morning. Watch and memorize the 20d SMA and the 200d SMA trading strategies, which give strong and powerful buy/sell signals. NOL ~ The Power of the 20d SMA and the 200d SMANOL gapped up with a spinning top and traded @ S$1.105 (+0.06, +5.7%) with 8.82m shares done on 9 Nov 2015 at 0910 hrs. Immediate support @ S$1.07, immediate resistance @ S$1.15. NOL (weekly) as at 6 Nov 2015 ~ Trading in a downward sloping channelTimely alert on NOL's volume spike and price action dated 8 Oct 2015NOL (weekly) as at 8 Oct 2015 ~ Trading in a downward sloping channel
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NOL
Nov 9, 2015 14:15:21 GMT 7
Post by odie on Nov 9, 2015 14:15:21 GMT 7
odie, The "chicken run" has no meat now, don't chase high to buy. The chengkay had capitalised on TigerAir's buy-out news to pump up NOL's share price with high volume 7early8early at pre-opening in the morning. Watch and memorize the 20d SMA and the 200d SMA trading strategies, which give strong and powerful buy/sell signals. NOL ~ The Power of the 20d SMA and the 200d SMANOL gapped up with a spinning top and traded @ S$1.105 (+0.06, +5.7%) with 8.82m shares done on 9 Nov 2015 at 0910 hrs. Immediate support @ S$1.07, immediate resistance @ S$1.15. Bro zuolun, thanks for advice still watching will stay away for time being
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Post by zuolun on Nov 9, 2015 14:38:14 GMT 7
Bro zuolun, thanks for advice still watching will stay away for time being odie, When you posted the Timely alert on NOL's volume spike and price action dated 8 Oct 2015, I saw the "kiss" on the 10w/20w weekly chart and I had interpreted it as a positive buy signal TP S$1.10. However, what I saw might not be what I would do because I never like NOL. Btw, I had only traded this stock once in my lifetime when it hit record low of S$0.69, donkey years ago. I went to long NOL @ S$0.69 then was due to the story of my grand aunt (now almost 90 years old and still alive), who claimed that she kena stuck with 1 lot of NOL at IPO price @ S$4.00. She kept her 1,000 NOL shares from script to scriptless and had long forgotten about it; ignoring all the rights issues over the years. 这个股票真的是超级的烂。 NOL (weekly) as at 8 Oct 2015 ~ Trading in a downward sloping channel
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NOL
Nov 9, 2015 14:44:24 GMT 7
Post by odie on Nov 9, 2015 14:44:24 GMT 7
odie, When you posted the Timely alert on NOL's volume spike and price action dated 8 Oct 2015, I saw the "kiss" on the 10w/20w weekly chart and I had interpreted it as a positive buy signal TP S$1.10. However, what I saw might not be what I would do because I never like NOL. Btw, I had only traded this stock once in my lifetime when it hit record low of S$0.69, donkey years ago. Bro zuolun, I am more interested in pennies like mfs and stock with takeover story like UE now things like china fishery but as usual, i will watch first
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NOL
Nov 9, 2015 16:03:56 GMT 7
Post by odie on Nov 9, 2015 16:03:56 GMT 7
NOL closed 1.055 zuolun bro
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Post by odie on Nov 10, 2015 5:56:31 GMT 7
I went to long NOL @ S$0.69 then was due to the story of my grand aunt (now almost 90 years old and still alive), who claimed that she kena stuck with 1 lot of NOL at IPO price @ S$4.00. She kept her 1,000 NOL shares from script to scriptless and had long forgotten about it; ignoring all the rights issues over the years. 这个股票真的是超级的烂。 zuolun bro, my dad held a few thousand employee shares from semb corp and he didn't convert to scrip when he retired, i quickly asked him to go to the company secretary and convert to scripless he only buy sbs transit and comfort delgro at semb corp recent high, he wanted to sell the shares but since he buy quite low i asked him to keep for dividends
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NOL
Nov 10, 2015 11:42:58 GMT 7
Post by odie on Nov 10, 2015 11:42:58 GMT 7
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Post by roberto on Dec 7, 2015 20:11:12 GMT 7
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