Tuesday, June 16, 2015

Noble Group: Seems like attempting a breakout above consolidation phase as mentioned yesterday. price 0.735

Can it head towards 0.800? Congrats to those who have accumulated previously.

Sent: Monday, June 15, 2015 11:00 AM
Subject: ******Noble Group: May see some consolidation before any move, price 0.705
Noble has risen sharply last Thursday after its chairman Richard Elman says in a note to shareholder: “We will right the damage and will use all our best efforts to recover the share value,". It has now recovered back above the psychological resistance level 0.700. A key resistance to clear above the see more upside would be at 0.73 which is the past week consolidation resistance. It is still rather volatile in the range of 0.63 to 0.73 can continue to trade in this range pending more news or catalyst. All 3 moving averages still pointing lower with no reversal in sign yet so still a negative below 0.73 – 0.74.

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