On Tuesday, Noble re-tests the resistance at $2.17 and closed at $2.17 with regular volume of 21.92 million shares traded.
An engulfing bullish line occurred (where a white candle’s real body completely contains the previous black candle’s real body). The engulfing bullish pattern is bullish during a downtrend. It then signifies that the momentum may be shifting from the bears to the bulls.
RSI & MACD are turning flat as RSI trend sideway.
Important Resistance of Noble: $2.17
Immediate Support of Noble: $2.11
Currently prices are resisted by 20 days MA at $2.17
Today prices tried to breakout of the resistance at $2.17 but the buying pressure is contained.
For the past 2 session, noble are having issues in breaking this major resistance at $2.17.
Avoid buying at resistance and wait for the resistance to break before entry
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