Following up from Buy call made last month on 12th September 2013. Noble group has indeed consolidated awhile only to break above its temporary resistance and trading higher again on rebound. Likely to see more upside if the next resistance at 1.05 gets tested and broken again. This level also coincides with the 200 DAY MA (Long term moving average) which can also signal a change in trend to the upwards direction. A break above 1.05 can see it test 1.10 then 1.16 which was the high in May 2013. As long as 1.00 remains as new psychological support, we are bullish in the short term and will continue to ride the rebound.
Stop loss at 0.99
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