NOL

I was lucky enough to survive the pullback today, having taken profit yesterday. Overall, i felt that the uptrend is still intact.

Buy NOL at 2.07 on 10th Mar 2011

Trade decision conditions:

1. The RS is strong as related to STI
2. Cross the 10DMA of $2.06 and hold firmly despite the STI pullback

     3.   On the uptrend line as shown on the chart above, the target of 30DMA ($2.14) is possible

Stop: $2.01 (cutting through the uptrend line)