Although Noble Group’s stock chart is still showing an uptrend, but the stock price is closing in the resistance of $2.37.
Things to watch:
- Whether Noble Group can break the $2.37 resistance with heavy volume, and stay above this $2.37 to make the resistance becomes support. If this happens, Noble will continue the up trend.
- If Noble breaks the uptrend support at about $2.195 (which is also the combination support of up trend support, 50D MA and 78.6% Fibonacci Retracement Level), that indicates the uptrend has ended for Noble Group.