Can it struggle to stay above now?
Sent: Friday, September 25, 2015 9:17 AM
Subject: ******* Noble Group: Testing support as mentioned, cautions of a breakdown, price 0.445
Subject: ******* Noble Group: Testing support as mentioned, cautions of a breakdown, price 0.445
Still threading dangerously above the support at 0.44 now, any clearing of 0.435 aggressively can start to see some weakness again towards the critical 0.400. Cautious long positions below.
Sent: Wednesday, September 23, 2015 9:59 AM
Subject: ******* Noble Group: Testing support as mentioned, cautions of a breakdown, price 0.445
Subject: ******* Noble Group: Testing support as mentioned, cautions of a breakdown, price 0.445
Has hit a low of 0.435 today on above average volume again as it find a new low which is not a good sign. Staying below 0.45 now can see it trade to 0.400 psychological support level which is crucial to stem any further downside. CFD SELL can be used to ride the weakness below 0.45 and more so below 0.40 if a breakdown occurs again. Downtrend still intact in the mid to long term, with it retracing lower on each slight rebound. Cautious long. Breaking below 0.40 can see it go to 0.34 then 0.30 eventually.
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