Over the weekend, the were more positive news suffice for NOL and it seemed as though the stock is gaping up at 9am opening. So last Friday that long bar could be a flush to scare the weak holders so that the insiders could get in at lower price to accumulate and long more. However by studying the chart, I am not so quite sure about the current movement and prefer to stay on the sideline to watch. Let's see what happens @ 9am.
news source: http://www.straitstimes.com/business/companies-markets/nol-in-exclusive-buyout-talks-with-no-3-liner
Ronald K - Market Psychologist - A Stock Market Opportunist
