Will it touched our 0.400 support level as mentioned yesterday? Price at 0.425 now !!!
Sent: Monday, 17 August, 2015 9:48 AM
Subject: ********* Noble Group: Breaking back below 0.500 again a negative, price 0.465
Subject: ********* Noble Group: Breaking back below 0.500 again a negative, price 0.465
Noble Group did not manage to stay above the 0.500 critical support level which it has traded above briefly after failing to stage a firm breakout above 0.600. Range would now be from 0.44 to 0.50 now where we has seen it rebound from the 0.435 – 0.44 level 2 weeks ago. Any further breakdown below 0.44 can pave the way to a new low to 0.40 and 0.30. Trend still looks weak with all 3 moving averages pointing lower and with it not being able to maintain above key support levels. Cautious long positions. Macd and RSI indicators both starting to turn downwards again after the slight reprieve.
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