Friday, March 28, 2014

****************Noble: Follow up from previous buy call (Now at 1.225)

Noble has indeed broke above the 1.125 resistance level and headed higher strongly to even clear the 1.20 psychological resistance. Most would have taken profit by now given the huge run after call triggered. Range would likely be from 1.20 to 1.25 now and may consolidate awhile first before any new signal given. However a break above 1.25 can again see it trade to 1.30 then 1.30 which was the high in Oct 2012.
 

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