Tuesday, July 3, 2012

Singapore Stock Breakout - NOL

Remember we talk about bargain hunting for NOL in May when it is only at 1.03(near its lowest point since 2003), if you have followed, you would probably be sitting with 10% gain right now! The article was posted in ShareInv.com and Danielloh.com

What about now? We see that NOL has just broke thru the top of the Box yesterday, and now the resistance(box top) will act as a support level. If you are looking at this stock, a good entry will be $1.15 where it break previous day high. Stoploss will be $1.10, where the stock break the support and goes back into the box. Mid-long term trade.