On Monday, Noble re-tests the resistance at $1.085 and closed at $1.075 with regular volume of 37.8 million shares traded.
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 18 white candles and 31 black candles for a net of 13 black candles.
RSI & MACD are bearish though RSI in oversold region.
Important Resistance of Noble: $1.085
Immediate Support of Noble: $1.055
Currently prices are well below 20/50/100/200 days MA.
For the past 6 trading sessions, prices have been trend on the support level at $1.055. The selling pressure has clearly eased.
The support at $1.055 is expected to be strong.
Noble Grp has been falling since 15 Feb 2012 and this is a bearish trend. However any rebound would be expected now as the selling eased. ...
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