Noble after touching the low of 11.2 cents on 2nd Sept 2016 , it had managed to stage a strong recovery and head higher to touch 21 cents on 10th Oct 2016.This is generally rather bullish.
It had since retreated lower to touch 16 cents on 2nd Nov 2016 after hitting the high of 21 cents. Currently, it has again risen from the low of 16 cents and closed well at 19.5 cents on 11th Nov 2016.
Both the Macd & Rsi are still rising which may provide further indication that the share price may continue to trend higher.
The current price of 19.5 cents is staying above the SMA lines which is rather healthy/positive.
Short term wise, I think it may likely move up to test 20.5 cents /21 cents. Breaking out of 21 cents convincingly that may propel to drive the share price higher to 25.5 cents then 29 cents.
( trade base on your own decision)
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