Studying the Noble chart, it seemed as though the buyers were not supporting the stock. Currently the sellers were continuously pilling up which I believe the upside is capped and may not be much. In the short term I am bearish. Entry can be 0.455-0.46 and if anything goes wrong, can look to cut above 0.5. That's the plan for Noble now.
Workshop Date: 29th March 2016, Time: 7.00pm to 9.00pm
Update: 28/3/2016, 1.19pm
Noble dropped another pip down to 0.45 after my morning short call! Indeed sellers and bearish!
Ronald K - Market Psychologist - A Stock Market Opportunist
