Noble Group: Up Trend Still Intact if …

Base on current chart pattern, Noble Group uptrend is still intact if  50D MA support (about $2.00) is strong enough. This 50D MA support is also a uptrend support. Next immediate Resistance at $2.24.

Noble is close to 52 weeks high of $2.24 and thus upside potential may be limited. In additional, current Noble Group’s PE is 14.8 which is at the fair value.

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