On Friday, Noble continue to trend sideways and closed at $2.23 with HIGH volume of 25.22 million shares traded.

A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

RSI & MACD are flat as RSI trend sideways.

Important Resistance of Noble: $2.25

Immediate Support of Noble: $2.17

Currently prices are supported by 20 days MA.

For the past weeks, prices have issues breaking the critical resistance at $2.25. Although the buying volume has been high but yet the prices failed to sustain as investors took profit.

We would not suggest buying till $2.25 resistance is breached with high volume.

Otherwise do consider waiting for more pullback to $2.04 (My ideal entry price).

On Friday, Olam re-test the support at $2.87 and ...