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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