hi, IF Noble can stay above $1.11 (20 dMA- The RED line) for the next few days with volume, it is likely to reverse trend. Noble has been consolidating from $1.0- $1.17 for 3 months++...it just refuse to really break below $1.00.
You can see that it has tried TWICE and failed to break the 20 dMA....maybe ....maybe this time is for REAL!
IF cross the BLUE line $1.15 and stays above it, double confirm uptrend.
Did u guys realized that quite a number of beaten down stocks are showing this pattern??? seems like there will be a small rally so long as Europe side doesn't spoil the show!