Wednesday, December 16, 2015

Noble: 0:45 temporary resistance, Rebounding from support at 0.38 as mentioned....

Price 0.425... chance to ride rebound back to 0.45? 

Sent: Tuesday, December 08, 2015 9:30 AM
Subject: *********** Noble: Back to key 3 months support level.... price 0.395
Noble has still not been able to cross back above the 0.45 KEY resistance level over the past week where we saw a technical rebound followed by some profit taking on a weaker market again. It is now back to its crucial support at 0.38 which was the low formed in October. Those looking for entry for any rebound can consider around here back to its consolidation resistance at 0.45 again if market rebounds. A 7 cents range to trade. Note to have stop loss at 0.365 if a breakdown occurs where we may switch to more Bearish cfd sell POSITIONS to ride the downside to 0.30. As long as 0.45 is a resistance, we are midterm bearish with the 20 day MA line still sloping lower and below the 2 longer MA.

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