Noble

Noble: UOBK says the charts tip as a Technical Buy with TP $1.20. Says, the stock is forming an interim bottom as prices could be consolidating between $1.05 and $1.14 after breaking out of the downtrend resistance trend line. A break above $1.14 points to a possible resistance level at $1.20. Technical indicators are largely trending up, as seen at its MACD, Stochastics and CCI indicators. The house tips placing stops below $1.00, as a possible last line of defense for the bulls. Notes the house has a fundamental Buy call with TP $1.80. The stock is up 2.7% at $1.125.