24 Apr '12, 2pm
Stock Chart: Noble Grp!
On Tuesday, Noble re-tests the support at $1.235 and closed at $1.245 with LOW volume of 31.25 million shares traded. During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 18 white candles and 30 black candles for a net of 12 black candles. RSI & MACD are bearish though RSI near to oversold region. Important Resistance of Noble: $1.325 Immediate Support of Noble: $1.235 Currently prices are well below 20/50/100/200 days MA. Since 15/Feb, prices have been trending downwards in a falling channel. This is a bearish signal. The support at $1.235 is expected to be strong. We would expect bulls to put up a good fight at $1.235. However if this support is breached with high volume, it will likely to trigger more selling pressure. Suggest to … Read the full article → Related posts:Stock Chart: Noble Grp! Stock Chart:...