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Passionate about the markets and Technical Analysis. The learning never stops!

Tuesday, February 14, 2017

Noble Group - Broke up on strong volume today



Noble Group broke up on high volume today!



It opened at 0.225 but dipped briefly back to 0.21, giving a great opportunity to stake near the breakup level.

The  projected initial target is about 0.300, which is about 40% upside! 
Will it come true?  Nothing is guaranteed though the odds are reasonably good. We can only wait and see.  

The support is at 0.197.  Any near term retest of the price at 0.197 is healthy as long as it does not dip any lower than 0.195.  

previous post on this stock

Bulls are back!

The US markets declined pretty sharply on 13th December last year but 2 weeks later it hit into a longer term support and started to rebo...