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Sent: Monday, September 21, 2015 9:40 AM
Subject: ******* Noble Group: Consolidating below 0.500 still, still weak below, temp support at 0.45, price 0.475
Subject: ******* Noble Group: Consolidating below 0.500 still, still weak below, temp support at 0.45, price 0.475
Noble has found a temp support from the 0.45 – 0.46 level currently, however, may still be weak as long as it stays below 0.500 now. CFD SELL can be used to ride any downside further if 0.44 – 0.45 buyers clear out, cautious long. Target to 0.400 first if 0.45 fails again, with downtrend taking control again. 0.400 has been holding for more than a month already as it rebounds from this level but both longer term 100 and 200 day MA are still pointing downwards with channel resistance line still holding well. Further breakdown below 0.400 can see it find a new low towards 0.300. CFD SELL on any rebound near 0.500 resistance can be taken to ride the retracement lower.
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