Noble Group: Recovered all in a day yesterday.....

Can we still see more rebound now?  Call issued yesterday as it just broke back above the 0.500 critical level….

Sent: Tuesday, August 04, 2015 11:07 AM
Subject: ****** Noble Group: Rebounding above 0.500 today...

Noble Group has managed to break above the 0.500 psychological support turned resistance today on top volume and we can start to see some upside rebound from here if it can cross above the 0.53 – 0.535 level now. There may then be an opportunity to head back to 0.600 level. As mentioned yesterday, there might not be much meat left for shorting given that shortists might be tempted to cover back their long positions and take profit given the sell down. As it nears 0.600, may start to see some resistance and sellers coming out again.