Technical analysis (TA) is dynamic. Day to day, charts have new information and TA will provide new insights. Not too long ago, I wondered if Noble Group's share price might hit $1.90. Read blog post here.
If you guess that I must have been waiting to sell at $1.90, you are right. However, doing a bit of charting last night revealed that we might not see $1.90 although there is still a chance we could. The declining 20dMA is now at $1.89 while trading volume has dwindled lately.
Today, it hit a high of $1.875 before closing at $1.865, forming a white spinning top (almost) in the process. There is obviously some struggle between bulls and bears at this level.
Half an hour before the market closed, seeing how $1.875 presented a respectable resistance and is only three bids from $1.89, I decided to ......