Shares & Derivatives
Stock Chart: Noble, Genting HK!
By Dou  •  February 27, 2011

On Friday, Noble broke the major resistance at $2.02 and closed at $2.07 with regular volume of 27.24 million shares traded.

A long white candle stick with short lower shadow affirms that investors have no hesitant in buying the stocks up.

RSI & MACD are turning bullish as RSI perform a sharp tick upwards.

Important Resistance of Noble: $2.11

Immediate Support of Noble: $2.02

Currently prices are resisted by 100 days MA at $2.11.

Despite having a long candle stick on Friday, the buying volume is not impressive.

In addition, prices remains under the steep falling trend line.

Therefore we would suggest watching for consolidation at $2.02 support before entry due to recent poor market sentiment.

On Friday, Genting HK re-tests the resistance at $0.375 and closed at $0.37 with LOW volume of 15.22 million shares traded.

A white candle ...

...
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By Dou
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