NOL: A messy ascending triangle?

Could this be an ascending triangle I see in NOL's chart?

Although ascending triangles are usually seen as a continuation pattern in an uptrend, a breakout could send NOL's share price higher to test resistance provided by the descending 100dMA which is currently at $1.32.

The 20dMA is set to form a golden cross with the 50dMA and is likely to provide immediate support at $1.115 in case of a pull back.

MACD shows that momentum is clearly positive now while the MFI shows higher lows, suggesting that demand is strengthening. The MFI which takes into account both share price and trading volume could test the 50% line for support if volume continues to dwindle while price stays at resistance.

As NOL's share price seems to be finding a floor if not bottoming, looking at the Stochastics provides us with insight as to why it seems to be having a hard time moving higher. This momentum oscillator is, after all, more accurate in situations where prices are moving sideways. The Stochastics has risen into overbought territory.

All in all, this TA seems to suggest that buying if the share price should pull back to support is a good idea because there seems to be a bias for an upward movement in the shorter term.

Tea with AK71: Visit a sky garden.

In the last few years, sky gardens have become the rage or at least I think so. Many condominiums also have sky gardens these days and they are apparently good selling points.

The very enterprising Marina Bay Sands even charge a fee to enter their sky garden (aka SkyPark) which is probably the tallest one in Singapore at 200m above ground. Personally, I wouldn't bother paying $20 just to gain entrance.

If we want to experience a sky garden, try the one at the National Library in Bugis. I was there recently and I really like it. No entrance fee too.

I like this. Creepers growing up some pillars which reminds me of a jungle.

Pandan! This spot smells really nice and will probably stay roach free!

If you like nature but are asthmatic like me, you will like this place.

I used to have a pot of Aloe Vera at home, if you remember. ;)

Open seven days a week, this is one sky garden all of us can enjoy for free.

A view of the Hotel Inter-Continental and Illuma Shopping Mall from the garden.

Go visit and see for yourself. Have a good weekend. :)

P.S. All photos taken with my trusty Samsung mobile phone, which, by the way, is also free, or have I said this before? ;)

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Tea with AK71: Aloe Vera flowers?

Tea with AK71: My Samsung mobile phone.