Shares & Derivatives
Stock Chart: Noble Group, Cosco!
By Dou  •  October 26, 2011

On Tuesday, Noble re-test the resistance at $1.50 and closed at $1.48 with LOW volume of 35.17 million shares traded.

Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

RSI & MACD are bullish as RSI trend sideways.

Important Resistance of Noble: $1.50

Immediate Support of Noble: $1.42

Currently prices are supported by 50 days MA.

For the past 2 weeks, prices have been trying to breakout of the critical resistance at $1.50. But the low trading volume affirms to the low interest from the investors.

The resistance at $1.50 is expected to be very strong.

However prices seems to be forming a ascending triangle with the breakout level at $1.50.

Watch this resistance closely if vested.

On Tuesday, Cosco continue to trend ...

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By Dou
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