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Saturday, October 8, 2016


Noble - 7th Oct 2016

Noble had a very nice breaking out of 16.1 cents on 4th Oct 2016 and closed well at 17 cents. Couple with high volume, this signify the buying was well supported with genuine buying interest that is generally rather bullish.

This bullish momentum was also being witnessed with the next 3 days trending higher and touched new high at 19.9 cents before profit taking setting in and closed well at 19.2 cents.

A very nice Uptrend mode chart pattern has been reflected on the chart. The current price is staying above the SMA lines which is generally quite positive.

Also both Macd & Rsi are still rising which may provide further indication that the share price may continue to trend higher.

Short term wise, I think it may likely move up to test 20.5 cents. Breaking out of 20.5 cents with good volume that may propel to drive the share price higher towards 25 cents then 29 cents.
(trade base on your own decision)

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