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.
- Post author:Marubozu
- Post published:September 12, 2010
- Post category:Noble Group
- Post comments:11 Comments
Tags: Falling Wedge