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Stock Chart: Noble Grp, SPH!
By Dou  •  October 6, 2011

On Thursday, Noble broke the resistance at $1.325 and closed at $1.38 with HIGH volume of 0.105 billion shares traded.

A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 3 rising windows in the last 50 candles–this makes the current rising window even more bullish.

RSI & MACD are bullish as RSI trend sharply upwards.

Important Resistance of Noble: $1.42

Immediate Support of Noble: $1.325

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

Noble broke the critical resistance at $1.325 with high volume today. This affirms on the bullishness of the investors.

The resistance at $1.50 is expected to be very strong.

The minor resistance at $1.42 should not cause any issues to the prices but prepare to take profit ...

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By Dou
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