Thursday, September 12, 2013

******* A potential Rebound: Noble Group. Share price 0.89. (Wait for the break above 0.900 critically)

Noble Group has just began its rebound a few days ago when it broke above the 0.85 resistance level. Immediate resistance is at 0.89 now which it has just broken above today. High as of now is 0.895.  This 0.89 was the previous support turned resistance level. Has been trading below this 0.89 level for about a month and have finally seen  it crossed above today on reasonable Volume. A break above 0.89 and more confirmation a break above 0.900 will be a short term positive. Likely to test 0.900 Critical resistance today and we shall see if it manages to break above, Can average up on this 0.900 breakout too. Target to 0.95 then 1.00.
Stop loss at 0.88

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