Wednesday, March 23, 2016

Noble: Potential breakout above 0.500 on the cards?

More upticks from yesterday call issued….. now at 0.49, let’s see if the 0.500 clears out eventually….. J

Sent: Tuesday, March 22, 2016 9:23 AM
Subject: ************** Noble: Back to key 0.47 - 0.48 resistance level, good to take some profit too....price 0.475
Following up from previous call, we have some profit taking and then Noble rebounding upwards from the 0.40 support level again. It is now back to the key resistance level at 0.47 – 0.48 which has been holding since Nov last year. We may start to see some selling pressure as it nears this resistance like we have seen over the past few months, so those who already have locked in some long positions previously can consider taking some profit or raise stop loss to protect your profits. Any further breakout above the 0.48 – 0.50 can put an end to the 5 months consolidation and we can start to see more upwards momentum towards 0.56 then 0.60. May take some long positions if that happens.

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