In my post yesterday, I have shared with readers how the resistance of $1.08 to $1.10 are the resistances for Noble and if Noble is to advance beyond this resistance convincingly, it will be a great move north. Today (6 Feb 2015), Noble Group finally broke out from this resistance with a large stock-candlestick and with a good volume to close the trading session today at $1.155 with a good 6.5% move north. At this current price, Noble Group stock is overbought.
For investors who would like to buy Noble Group now, I think it is still best to enter the stocks markets in tranches as Noble Group stock is pretty much a situational play and investors should still read the Greece vs Euro’s going on.
Today is finally Friday and after work, I took a bus to an old neighbourhood where I am far away ......