Noble – Rising Volume

5th February, 2017, 10:28 PM


Noble group a well traded stock in the singapore market saw a bit of interest on friday

We’re keeping a close eye on noble group as there was an increased in volume on friday as it tried to rally to the uptrend line. As you can see from the chart, it’s trying to break above the uptrend line but closed just nice at it . It is also at the horizontal resistance of 0.175. Furthermore it is also testing the downtrend line so a break above and staying above 0.175 might see some upside to 0.183 and to 0.186 if possible.

Our entry might be 0.176 and stop loss at 0.168. Risk reward is good we feel. Noble might be reporting their results around 22nd-24th feb. So do take note of that.




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