Top Volume Stock Analysis (SG Market) - NOL
NOL is still in takeover discussion by France's CMA CGM. We are seeing some profit taking action. Sellers are likely to dominate the trading action during this period as we see price action softens with momentum indicators slowing.
Thus, we are likely to see NOL retesting its support at S$1.16, a Gap support created on 23rd Nov 2015, which also coincide with the lower channel.