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Stock Chart: Noble Grp, Midas!
By Dou  •  November 10, 2011

On Thursday, Noble broke the critical support at $1.205 and closed at $1.18 with HIGH volume of 0.437 billion shares traded.

A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow).  This usually implies a continuation of a bearish trend.  There have been 8 falling windows in the last 50 candles–this makes the current falling window even more bearish.

A long upper shadow occurred.  This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).

RSI & MACD are bearish as MACD perform a “death cross” today.

Important Resistance of Noble: $1.205

Immediate Support of Noble: $1.125

Currently prices are well below 20/50/100/200 days MA.

Today Noble has undergone massive selling pressure (All time high trading volume in the entire ...

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By Dou
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