NOL (N03)- Buy on Weakness

NOL (03) looks attractive now after 2 days of sell down amounting to 11 cents loss. This opportunity can be taken due to: 1. After Xd, the dumping was overdone and 2.Again chance to buy strong stock on weak market 3. Shipping could be on the recovery (Shipping recovery ). Based on today’s experience, cycles of upturn are short. Meaning Singaporean goes for small profit and trade on very short period, & also always finding excuse taking small profit. So, our strategy ought to follow. Buy at approx (STI 2350 and Sell at STI 2450). However, this one is exceptional for the above 3 reasons.TA is important, but sometime environment/situation can overwrite if the reasons are valid. Chart wise nothing good to talk about except that OBV trend is not breached. By the way, my thinking is still technically correct: the so called TA's principle of " buying on corrective pullback"!