Shares & Derivatives
Stock Chart: Noble Grp, Genting SP!
By Dou  •  November 3, 2011

On Thursday, Noble re-tests the minor support at $1.50 and closed at $1.53 with LOW volume of 47.47 million shares traded.

A white candle stick with short lower shadow affirms that investors are buying on dip to $1.50 support.

RSI & MACD are flat as RSI trend sideways.

Important Resistance of Noble: $1.62

Immediate Support of Noble: $1.50

Currently prices are resisted by 100 days MA at $1.62.

Since 4/Oct, prices have been trending on a rising trend line forming a higher high and higher low. This affirms to a bullish signal.

However the resistance at $1.62 is expected to be very strong and will not give way that easy.

If interested to long Noble, watch the support at $1.42 as it could be a good entry point.

On Thursday, Genting SP re-tests the resistance at $1.705 and closed at ...

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By Dou
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