Studying and Analyzing NOL's chart, there were layers of sellers stacking at certain price levels waiting to either cut loss or sell down more to cause panic. Is it time to long this counter? Is the timing correct? What about those who are currently holding on to this stock? Is it going to shoot through the roof any time soon breaking all stacking of supply? I am bullish on this counter however the time is not ripe yet to warrant a long. Be alert that when everyone is panicky selling, a staged rebound is imminent.
Ronald K - Market Psychologist - The Big Speculator
