A further breakout above 0.45 resistance?
Sent: Tuesday, November 24, 2015 9:05 AM
Subject: *********** Noble: Heading lower towards support.... technical rebound possible, price 0.40
Subject: *********** Noble: Heading lower towards support.... technical rebound possible, price 0.40
Noble has traded lower after previous call and seem to be heading towards the 0.38 key support level as mentioned. This has been holding since Aug and may still continue to hold and rebound from this level. Those looking to cover back short positions or maybe even an entry for rebound can consider scaling trades near this 0.38 support. However, have a plan to cut loss on a convincing breakdown below the 0.37 – 0.38 support where we can see more selling pressure towards 0.34 then 0.30. CFD SELL positions can used to ride the downside further as mentioned earlier on this breakdown as we are seeing a new low again. Resistance at 0.45 for now.
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