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Stock Chart: Noble Grp!
By Dou  •  January 31, 2012

On Tuesday, Noble re-tests the support at $1.325 and closed at $1.35 with regular volume of 81.72 million shares traded.

A spinning top occurred (a spinning top is a candle with a small real body).  Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close).  During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

RSI & MACD began to turn bearish as RSI trend downwards.

Important Resistance of Noble: $1.42

Immediate Support of Noble: $1.325

Currently prices are supported by 100 days MA at $1.325

For the past 4 trading sessions, prices have re-test the support at $1.325 but managed to stay above this level.

It is clear that Noble no ...

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By Dou
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