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Stock Pick – Noble Group
By Stock Market  •  June 19, 2012
Attached weekly chart of Noble Group. The following patterns may be in play.
Bullish Three Drives Pattern:  The price objective of (3) may be the price level 0.755-0.925.
Bearish Butterfly: The price objective of D may be the price level of 1.850-2.066
Double Bottom: The bullish breakout of 1.535 may see the possibility of reaching 2.015 = 1.535+(1.535-1.055)
Trading above Median Line of Downtrend Andrew's Pitchfork and possibility of bullish MACD crossover. It is not prudent to rule out any downside. It is good to have protective stop order in place. Otherwise, it seems to be relative upside.

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