Shares & Derivatives
Noble: trading idea
By I  •  July 18, 2011




Channel support broken. Can't say decisively yet it looks too out to be a whipsaw.

MACD potential bullish divergence negated with today's sharp downtick of both MACD line and histogram.

Next support at 1.67 then 1.57. Might get my foot in at 1.67 and add more at 1.57 should it be tested. Cut loss will be decided should noble get into my buy range.
profit target will be at channel support turned resistance, and then in the value zone between 13 and 21 day ema...
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By I
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