On Wednesday, Noble re-tests the support at $1.42 and closed at $1.43 with HIGH volume of 0.11 billion shares traded.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
RSI & MACD are bearish as MACD perform a “death cross”.
Important Resistance of Noble: $1.50
Immediate Support of Noble: $1.42
Currently prices are supported by 20 days MA at $1.42.
On 21/Feb, prices have re-test the support at $1.42 with high volume today and closed right at the low.
The support at $1.42 is expected to be very strong.
Pull back is expected now and thus we would suggest to sell once $1.42 support breached with high volume.
Stock Chart: Noble Grp! is contributed by : Singapore Stock Information Exchange