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Stock Chart: Noble Grp, Yanlord!
By Dou  •  November 30, 2011

On Wednesday, Noble re-tests the minor support at $1.125 and closed at $1.14 with LOW volume of 70.4 million shares traded.

A doji star occurred (where a doji gaps above or below the previous candle).  This often signals a reversal with confirmation occurring on the next bar.

RSI & MACD are turning bullish as MACD about to perform a “golden cross”.

Important Resistance of Noble: $1.205

Immediate Support of Noble: $1.125

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

There have been 2 TA reversal signal today:

1)     Doji Star candle stick occurred.

2)     MACD about to perform a “golden cross”

Both signal towards a reversal. For investors who are always interested in Noble, it might be a good chance to buy near $1.125 support.

However do warn that the resistance at $1.205 resistance is expected to be very strong and thus ...

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By Dou
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