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.

Wednesday, January 7, 2009

Noble Group 070109

A quick analysis on Noble Group.

Broke 1.08 resistance (pink --) on 5 jan with volume and tested the 1.18 neckline (blue --).

the 1.25 neckline (red ...) looks resilient. However, if Noble Group manages to break that, we could see it testing the 1.33 resistance (pink ...).

Don't forget that Noble Group is one of the most volatile counters.

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For tomorrow :

Support @ 1.18 (blue --), 1.15 (mid blue, mid red), 1.08 (low red, pink --), 1.04 (low blue, green ...)
Resistance @ 1.25 (upp red, red ...), 1.28 (upp blue), 1.33 (pink ...)
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