Shares & Derivatives
Stock Chart: Noble Grp, Biosensors!
By Dou  •  June 12, 2011

On Friday, Noble re-test the support at $1.99 and closed at $2 with LOW volume of 13.77 million shares traded.

Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

RSI & MACD are bearish as MACD lines cross down on Friday.

Important Resistance of Noble: $2.04

Immediate Support of Noble: $1.99

Currently prices are resisted by 20 days MA at $2.04.

In the past week, Noble have been trading under low trading volume which affirms to low interest from the investors.

The support at $1.99/$1.94 is expected to be very strong.

If interested, watch for any consolidation at these 2 important level for entry as it is good entry price now.

On Friday, Biosensors broke the support at $1.23 and closed at $1....

...
Read the full article
By Dou
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance