Shares & Derivatives
Stock Chart: Noble, Wilmar!
By Dou  •  May 22, 2011

On Friday, Noble re-test the support at $2.04 and closed at $2.05 with HIGH volume of 51.07 million shares traded.

A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend. There have been 3 falling windows in the last 50 candles–this makes the current falling window even more bearish.

RSI & MACD are flat as RSI trend sideways.

Important Resistance of Noble: $2.11

Immediate Support of Noble: $2.04

Currently prices are supported by 200 days MA at $2.04

Prices re-test the critical support at $2.04 with high selling pressure on Friday but prices managed to hold above this critical level.

Support is expected to be strong but could trigger more selling pressure once breached with high volume.

Noble is the stock pick for the coming ...

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By Dou
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