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Stock Chart: Noble Grp!
By Dou  •  January 17, 2012

On Tuesday, Noble broke the critical resistance at $1.13 and closed at $1.175 with HIGH volume of 0.143 billion shares traded.

Separating lines occurred.  If the lines occur during an uptrend and the first line is black and the second is white then this suggests that the uptrend should continue.

RSI & MACD are bullish as RSI trend upwards

Important Resistance of Noble: $1.235

Immediate Support of Noble: $1.13

Currently prices are supported by 20 days MA at $1.13.

Today prices broke the critical resistance at $1.13 with high volume which affirms to the bullishness of the investors.

However we should note that Noble Group has been trending downwards and forming a lower high and lower low since Dec 2011.

The resistance at $1.235 is expected to be very strong.

Thus do watch for this resistance if plan to invest in ...

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By Dou
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