Noble Group is currently testing previous down trend channel support turned resistance at about $1.45 level. This level is also the 50D MA resistance and 78.6% Fibonacci Resistance. Base on current Noble’s chart pattern, the stock will probably reverse the current rebound and continue the medium down trend unless the 50D MA resistance and the previous high of $1.60 resistance is broken.
- Post author:Marubozu
- Post published:October 16, 2011
- Post category:Noble Group
- Post comments:1 Comment