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Stock Chart: Noble Grp, Yangzijiang!
By Dou  •  February 12, 2012

On Friday, Noble re-tests the resistance at $1.50 and closed at $1.475 with regular volume of 88.51 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 bullish though RSI in overbought region.

Important Resistance of Noble: $1.50

Immediate Support of Noble: $1.42

Currently prices are resisted by 200 days MA.

For the past 3 sessions, prices have re-tested the resistance at $1.50 but the interest is low from the bulls.

Due to the overbought market, prices are unlikely to break the resistance at $1.50.

We would advise to sell at $1.50 if vested.

On Friday, Yangzijiang re-test the resistance at $1.32 and closed at $1.26 with LOW volume of 23.07 million shares traded.

A dark ...

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By Dou
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