Noble Ltd  – Daily timeframe  (Update from 4 November 16)

Current Sentiment: Bullish

Support 1: 0.176                   Resistance 1: 0.200

Support 2: 0.170                   Resistance 2: 0.205

The bullish momentum appears to be accelerating here as price recently broke above the 0.176 range high that has been capping price down for the past 2 weeks. Moreover, price stayed comfortably above the 20 and 60 day moving average validating the current uptrend.

There was an increasing volume bullish break above the immediate pullback line on 09/02/17 suggests the resumption of the uptrend next.

Expect price to head higher next to test the 0.200 resistance area followed by 0.205.