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Neptune Orient Lines, N03
Neptune Orient Lines Ltd best known as NOL, in our last study, we saw two possible situations. One is the price will break 100 MA and travel south and stop at the significant level. The other possibility is rejected by 100 MA; retest of 100 MA fail, price did not bounce off 100 MA. Read the earlier analysis for more.
What we have predicted came true, the price break below 100 MA and stop at the significant level. What next? The price bounced off the significant level or continue to travel south.
With the 20 MA crosses 50 MA, completed dead cross, driver pointing down, price action below the MAs and River. The trend is very bearish bias. Buy only when completed Bullish chart pattern, even though be very careful.
June 5, 2015 Neptune Orient Lines, NOL Daily Chart
Read other NOL posting on this website.
Thanks for visiting the website.
Moses
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