Heading towards 0.50 as mentioned in the morning?
Sent: Friday, March 04, 2016 9:15 AM
Subject: *************** Noble: Potential breakout further, clearing of the 0.400 psychological level can be a momentum positive, price 0.39
Subject: *************** Noble: Potential breakout further, clearing of the 0.400 psychological level can be a momentum positive, price 0.39
Noble has been trading below the 0.38 resistance level for about 2 months and today we are seeing it attempt a move above again on TOP volume. Any further breakout above 0.400 can be a further confirmation and entry trigger. 0.38 was the original support level it broke down from in Jan and a move above can lead to a potential reversal. Stop loss can be at 0.36 for any long positions. Target to 0.45 then 0.48 – 0.50 in the near term if 0.400 clears out. MACD has just crossed above zero and lending support to this positive price action view.
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