Following up from previous call last month, Noble has indeed failed to climb back above the 0.20 new resistance.
More selling seen with 0.190 breaking down too over the past 1 week and we are now seeing it approach the next 0.180 psychological support.
Cautious of a further breakdown on a specific price action below 0.180…
This may see the arrows on the chart drawn previously continue to play out towards 0.160.
Just to share that we did see an exit signal for the rally experienced in Feb as per previous blog post >>> http://singaporetradinginsights.blogspot.sg/2017/02/noble-thank-you-note-together-with-more.html, ;)
After the exit signal, it’s pretty much downhill… cautious long….
Recent Email:
Sent: Thursday, March 16, 2017 9:41 AM
Subject: ******** Noble: A sell down below 0.200 not a good sign... price 0.195
Subject: ******** Noble: A sell down below 0.200 not a good sign... price 0.195
For illustration purpose only
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