Back down again as per Monday morning note….. price 0.29, question is how long the 0.26 – 0.27 can hold ?
Sent: Monday, February 01, 2016 11:43 AM
Subject: ********** Noble: A slight rebound from 0.27 support.... still unable to close above 0.34 next resistance... price 0.31
Subject: ********** Noble: A slight rebound from 0.27 support.... still unable to close above 0.34 next resistance... price 0.31
Noble has rebounded from the 0.26 – 0.27 support level over the past 2 weeks above the 0.30 psychological resistance level too. It may face more selling with resistance at 0.32 – 0.34 for now, with trend still negative below the 0.38 new resistance ultimately. Those who have already cover short positions last week, can consider more cfd sell on any slight rebound to ride the downside again. 20 day MA line still sloping downwards firmly resisting any upward move and pulling further away from the 2 longer term moving averages. A potential breakdown below 0.26 – 0.27 can still occurs if market were to weaken more.
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