On Monday, Noble re-tests the support at $1.315 and closed at $1.33 with LOW volume of 22.78 million shares traded.

RSI & MACD are flat as RSI trend sideways.

Important Resistance of Noble: $1.365

Immediate Support of Noble: $1.315

Currently prices are well above the 20/50/100/200 days MA.

Since 14/Sept, prices have been consolidating between the support at $1.315 and key resistance at $1.365.

The resistance at $1.365 is expected to be strong.

Do not suggest to buy now as RSI already in overbought region. In fact, we suggest to sell once $1.315 support breached with high volume.

Important News

  1. DBS Group Holdings Ltd. (D05.SG) has signed a memorandum of understanding with the Export Import Bank of Korea to cooperate on infrastructure and project financing.
  2. Kellogg Co. (K) and Wilmar International Ltd. (F34.SG) set up a 50:50 joint venture …