Noble Group 141108

After gapping down yesterday (13 nov) and almost testing the 0.855 support (blue ...), Noble Group recovered and was one of the few counters that ended the week positive.

Although it did not test the 0.965 resistance (green --), Noble Group was also quite far off the uptrend support (low blue) and 0.900 support (red ...), effectively trading in a tight range today.

If Noble Group can continue to trade within the uptrend channel (blue), we could see it testing the 0.965 resistance (green --) next week. Even if Noble Group breaks the 0.965 resistance, there's still another formidable resistance waiting from 1.02 (blue --) to 1.05.



For monday :

Support @ 0.920 (low blue), 0.900 (red ...), 0.855 (blue ...), 0.843 (low red, low pink), 0.795 (pink --)
Resistance @ 0.965 (mid pink, green --), 0.975 (mid red), 1.01 (upp blue), 1.02 (blue --), 1.04 (upp pink)