Disclaimer

Disclaimer:-Please note that all such analysis is provided by way of information only. All of the information was and should be taken as having been prepared for the purpose of reference only and that none were made with regard to any specific investment objective, financial situation or the needs of any particular person who may receive the analysis. Any recommendation or advice that may be expressed in or inferred from such analysis therefore does not take into account and may not be suitable for your investment objective.

Thursday, December 4, 2008

Noble Group 041208

Although Noble Group is still trading within the uptrend channel (blue), it closed the day at its opening price, almost forming a Gravestone Doji. Noble Group retreated quite abit after failing to break the 1.01 resistance (blue --) last fri (28 nov).

If Noble Group manages to continue to trade within the uptrend channel (blue), we could be looking at Noble Group trading between the uptrend support (mid blue) and downtrend resistance (upp pink) as it tries to form a base.

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For tomorrow :

Support @ 0.935 (red --), 0.900 (mid blue), 0.885 (red ...), 0.875 (low pink), 0.870 (low red), 0.860 (red ...)
Resistance @ 0.965 (upp pink, green --), 0.9825 (upp red), 1.01 (upp blue, blue --), 1.05 (green ...)
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