Shares & Derivatives
Stock Chart: Noble Grp!
By Dou  •  September 6, 2011

On Tuesday, Noble re-test the resistance at $1.54 and closed at $1.50 with LOW volume of 41 million shares traded.

The black candle sticks with short lower shadow affirms that investors have no hesitant in selling down the stocks.

RSI & MACD are turning flat as RSI trend downwards.

Important Resistance of Noble: $1.54

Immediate Support of Noble: $1.42

Currently prices are supported by the 20 days MA.

For the past day, prices have been falling under low selling pressure and this indicates most investors are sidelined rather than selling off everything.

The support at $1.32 is expected to be much stronger than $1.42 support.

Although prices have falling recently but the low selling pressure actually prompt us to watch this stock carefully. Watch the 2 support closely for any signs of consolidation.

Stock Chart: Noble Grp! is contributed by : Singapore Stock Information ...

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By Dou
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