Noble group rebounced from the 61.8% Fibonacci Retracement support at $1.542 and looks like breaking out from the Falling Wedge. Noble is currently testing the wedge resistance at about $1.70. If Noble breaks out and stays above this wedge resistance (and also 20D & 50D MA supports), the stock may reach the price target of $2.20.

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.