Monday, July 23, 2012

NOBLE GROUP CHART - Nearing ultimate support at 1.05 level again..... tested a total of 5 times since last year November till now. NOW AT 1.06

Can consider locking in some position near critical support level from 1.05 to 1.06.... take profit for any rebound above 1.10 for a short term trade.
Has been holding above this 1.05 level since November last year to now already,  tested 3 times exactly in May and June this year.

Potential trade set up for long position as long as the 1.05 support holds. Strict stop loss at 1.04 (don't even hesitate), or ever a short position if the 1.05 BREAKS down.

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