Can the 0.500 resistance clear out as mentioned earlier?
Sent: Thursday, August 27, 2015 10:42 AM
Subject: ********* Noble Group: May test resistance at 0.50, watch more more upside above. Price 0.47
Subject: ********* Noble Group: May test resistance at 0.50, watch more more upside above. Price 0.47
Noble has managed to stay above the 0.400 psychological support level over the past 1 week with a volatile range with resistance at 0.48. It has rebounded pretty much in line with market but still capped at the 0.48 - 0.50 resistance level. This resistance also coincides with the downward sloping 20 day MA line so moving above can be a short term positive. Only a clear breakout above this level can open the way for more rebound to 0.60 then 0.64. Mid to long term trend still pointing lower with 100 and 200 day MA still pointing down so would be good to be nimble and take profit for any long positions along the way.
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