NOW 1.165, emailed to clients when it was at 1.11 just before Christmas !
Sent: Wednesday, December 24, 2014 9:20 AM
Subject: ************************ Noble Group: Rebounding back above 1.085 - 1.10 can be a good sign for reversal.... price 1.11.
Subject: ************************ Noble Group: Rebounding back above 1.085 - 1.10 can be a good sign for reversal.... price 1.11.
From previous few sell call, Noble has indeed traded lower and consolidated more than a week below the 1.085 – 1.10 resistance level. Yesterday, we have seen a slight breakout with it pushing further above 1.10 psychological resistance today in strength and even stronger volume. As long a it stays above 1.09 – 1.10 new support level, may start to rebound upwards back to 1.15 then 1.18 which were the levels seen before breaking down. MACD indicator looking at a potential BULLISH crossover with Both Stochastic and RSI pointing upwards. Stop loss at 1.08.
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