Noble Group has managed to bounce off from the low of 28.5 cents from 18th Jan 2016 and continued to head higher to touch 37.5 cents on 18th Feb 2016. This is generally rather positive.
The current price is hovering above both 14SMA & 25SMA lines which is generally rather bullish.
Also both MACD & RSi are trending upwards which may provide further indication that the share price may continue to head higher.
Immediately resistance is at 40 cents . Breaking out of 40 cents is quite challenging as this is rather a strong wall that will require a strong driving force to break through.
If it is able to clear 40 cents level then it may continue to rise towards 48 cents.
(trade base on your own decision)
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