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.
Noble Group: Trading within a Falling Wedge
- Post author:Marubozu
- Post published:July 25, 2010
- Post category:Noble Group
- Post comments:0 Comments
Tags: Falling Wedge