Neptune Orient Lines (NOL)

November 13th, 2009 admin Posted in Uncategorized | 1 Comment »

NOL

As my post on STI last week, STI has broken down from the 40 and 50 Moving Average. I was suggesting to lock in some profit and go for short.

One of the stocks you may short today, you may take a look at Neptune Orient Lines (NOL). Since 16 October 4oMA has cross above 20MA. Yesterday Inverted Hammer Candle Stick touched the 20 MA and bounce back. Today the price broke the yesterday low. These all tells us that bearish is winning.

The Entry Price may take on 1.6, Target be previous lowest on 1.51. Cut Loss 1.65 and You may take it as 3-5 trading days time frame.


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One Response to “Neptune Orient Lines (NOL)”

  1. lazytrader Says:

    too bad about STI runup today. but i think NOL still haven’t broke the trendline yet, do u think it’s good idea to re-short? thks!

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