Noble

On Monday, Noble re-tests the support at $1.175 and closed at $1.185 with HIGH volume of 30.04 million shares traded.

RSI & MACD are flat as RSI trend sideways.

Important Resistance of Noble: $1.215

Immediate Support of Noble: $1.175

Currently prices are supported by the 20 days MA at $1.175

On 5/Feb, prices broke the critical support at $1.215 with high selling pressure. Since then, prices can no longer reclaim above this level.

The resistance at $1.215 is expected to be strong.

We would not suggest buying now as prices have been forming lower high and lower low. Wait for the prices to stabilize at a strong support would be a better idea.

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