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Stock Chart: Noble Grp!
By Dou  •  November 20, 2012

On Tuesday, Noble re-tests the support at $1.05 and closed at $1.06 with HIGH volume of 66.78 million shares traded.

RSI & MACD are flat as RSI trend sideways.

Important Resistance of Noble: $1.095

Immediate Support of Noble: $1.05

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

For the past 5 trading sessions, prices have been trending sideways between the support at $1.05 and resistance at $1.095. This affirms that the selling pressure has eased.

The support at $1.05 is expected to be strong.

For those who are interested, it is actually a good timing to enter Noble at $1.05 support now as selling eased. Cut loss once $1.03 support breached with high volume.

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