Noble is currently trading within a falling wedge. Things to watch: Noble may start an uptrend if Noble moves above $1.80 to break the wedge resistance, 20D MA and 50D MA. Otherwise, the down trend will continue to about $1.50 which is the 61.8% Fibonacci Retracement support.
IndoAgri is showing the similar pattern as Wilmar where a formation of higher high and higher low pattern is seen. There is a potential reversal at the current price to form a higher high pattern where IndoAgri is going to test the previous support turned resistance line (blue line). A good entry point is when IndoAgri pulls back to the uptrend support line (green line) at about $2.20.
Wilmar looks like forming a new up trend after showing a good support up trend line. A potential higher high may be formed when Wilmar faces the 200D MA resistance at about $6.40. A good entry point is between $5.90 to $6.00 when Wilmar retraces back to the uptrend support line.
