17 May '12, 4pm
Stock Chart: Noble Grp!
On Thursday, Noble re-tests the resistance at $1.085 and closed at $1.085 with LOW volume of 30.76 million shares traded. A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought). RSI & MACD are bearish though RSI in oversold region. Important Resistance of Noble: $1.235 Immediate Support of Noble: $1.085 Currently prices are well below 20/50/100/200 days MA. For the past trading sessions, prices has been trying to find the support at $1.085 despite heavy selling pressure on 16/May. The support at $1.055 is expected to be strong. We do suggest buying noble since prices are already near 3 years low and this is a bearish signal. However if really interested, do watch for any consolidation at the critical support of $1.055 as … Read the full article → Related...