Monday, January 28, 2013

Trading Buy: Noble Group. Share price 1.255.

Noble Group has broken its near term consolidation phase at 1.25. Was below this 1.25 resistance for about 3 weeks and tested a total of 5 times but failed to clear above. This morning high was 1.265.

As long as 1.25 remains as the new support level, upside to test 1.30 seems possible. A break above 1.30 would open the way to 1.38.  Top 5 VOLUME SEEN currently which has not been the case for a while.

Put a stop at 1.23.

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