On Friday, Noble re-tests the support at $2.04 and closed at $2.04 with LOW volume of 31.62 million shares traded.

A black candle stick with long upper/lower shadow affirms that the rally has weakened as some investors took profit on uncertainty ahead.

RSI & MACD are turning flat as MACD lines converge together.

Important Resistance of Noble: $2.11

Immediate Support of Noble: $2.04

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

Noble Grp continue to trend downwards under a falling trend line and form a “lower low” and “lower high”. This is a bearish signal.

On 15 Mar, prices broke the critical support at $1.99 but managed to recover after the next few trading days. This proves that $1.94 is a very strong support especially this level is near to the 200 days MA.

If interested, do watch for any ...