Moses’s Singapore Stock Analysis, Neptune Orient Lines, NOL, N03 update
Has Neptune Orient Lines completed the double bottom?
Moses’s Singapore Stock Analysis, Neptune Orient Lines, NOL Update, the NOL has clear the neckline of the double bottom. The price moved up quite strong. The market open at $ 1.225 and closed at $1.27. Unless the price action remain strong the keep pushing north. This may ended up a fail break out.
More ships is better?
From the market, NOL will build another 12 new container ships. In total, NOL will have 32 new container ships in the near future. Will this be timely, by then the gloomy global economy will be over. Who will know?
So, with more ships and loans to serve when there is more order booking of course all will be happy. However, if the economy remain gloomy and slow that will make everyone worry.
Technical Analysis
For technical analysis, you trade what you see and not what you think. Monitor the chart and trade with caution.
See the previous posting for more comment and analysis.
Neptune Orient Lines Daily Chart – January 13, 2012
Neptune Orient Line, NOL, N03 Daily Chart - Double Bottom Chart Pattern
Moses, January 15, 2012
DSICLAIMER
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