On Thursday, Noble broke the major support at $2.11 and closed at $2.06 with HIGH volume of 54.05 million shares traded.

A long black candle stick with short lower shadow affirms that investors have no hesitant in selling the stocks.

RSI & MACD are turning bearish as MACD about to cross down.

Important Resistance of Noble: $2.11

Immediate Support of Noble: $2.04

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

Today Noble went under heavy selling pressure and broke the major support at $2.11 with high volume.

Since Jan 2011, Noble has been trending downwards forming a “lower high” and “lower low”. This is a bearish signal.

We would not suggest buying tomorrow especially after today’ heavy selling pressure.

Instead watch for the critical support at $1.99 for any consolidation if interested since this support is expected to be very ...