Tuesday, 8 May 2012

Requests - NOL & GLP

NOL
NOL is currently at a very strong support with a rising trend line support and also the Fibonacci retracement 61.8% suppoort.
Support to watch will be around 1.18 level which is also the prior resistance turned support for now.
Breaking this support may mean NOL is bearish and may come down to 1.1 level.

GLP
GLP today shown a bearish candlestick which also engulfs yesterday's doji candle.
The classical support of 2.01 may not be able to hold GLP anymore although there is the 100ma enhancing the support level.
Those looking to long this counter may want watch the support level of 1.87 - the previous resistance turned support + Fibonacci retracement 50% + 200ma support.

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