Noble Group: Bull Trap!

Noble Group has probably finished the rebound from $0.92 after breaking down from the Head and Shoulder pattern. The rebound ended at 200D SMA resistance and also the neckline at about $0.99.  Currently Noble Group looks like turning down after rejected at the down trend channel resistance and move toward the price target of $0.87.

See previous analysis of Noble Group here.

2014Feb14-Noble Group

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