Tuesday, January 12, 2016

Noble: Rebounded from 0.30 support as mentioned.....now at 0.335.... More downside back down?

Did you catch the rebound …. Or wait, did you cover back some shorts near 0.300 previously…. Downtrend intact….

Sent: Friday, January 08, 2016 9:13 AM
Subject: ******* Noble: sold down to near 0.30 support, technical rebound possible but still trend still negative.... price 0.315
From yesterday’s SELL CALL, we have indeed experience selling on heavy volume after called issued and with it even breaking below our 0.34 first target. May find some support at the 0.300 psychological level for now with range to 0.34 – 0.35 for now. Trend is still looking weak as long as the 0.35 – 0.38 remains as the key resistance. Has broken down below that key support yesterday firmly which has now become the resistance. Indicators are looking weak with MACD also reversing lower. A further breakdown below 0.30 can pave the way to 0.26 then 0.20.

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