Technical Pulse: Noble Ltd February 10, 2017 33

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.

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About the author

Profile photo of Jeremy Ng

Jeremy Ng
Research Analyst
Phillip Securities Research Pte Ltd

Jeremy specialises in Technical Analysis and has 10 years of experience in studying price action. His areas of expertise include intermarket analysis on the equities, currencies, commodities and bonds market.

He is also a regular columnist on The Business Times - every Monday ChartPoint column.

He graduated with a Bachelor of Science in Banking and Finance from University of London.

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