Noble (technical)

Noble: UOBK says the charts tip a Technical Buy. Notes the stock is currently forming an interim bottom at $1.05 as prices have rebounded thrice from this level. The stock has also moved above its short-term moving averages, along with the MACD trending up after forming a bullish crossover. The house expects prices could move toward resistances at $1.20 and $1.28. Tips placing a stop below $1.00. UOBK fundamental research has a Buy call with TP $1.80 target. The stock is up 2.3% at $1.115.