Thursday, February 18, 2016

Noble: Rounding bottom pattern spotted with a move above 0.34.... short term bullish above 0.35 now....

More upside towards 0.38 next ?

Sent: Wednesday, February 17, 2016 9:33 AM
Subject: ************ Noble: Back to key resistance level, may retrace lower back to 0.30, more upside likely above 0.35 though, price 0.34
From previous call, we seen Noble traded upwards back to the key resistance as mentioned. Resistance at 0.34 – 0.35 for now, and it may still see some selling pressure below this key levels that has held for more than a month. Those who have long previously near support can consider taking some profit here too as longer term trend is still weak. However, note that we are seeing some strong volume buy ups around the resistance and a lift above 0.35 can pave the way back to 0.38 – 0.40 as upwards momentum continues. Good to take profit on quick momentum trades too on a breakout.

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