Noble (technical)

Noble: Technical Buy Call by Recognia has detected that Noble Group Ltd (NOBGbi on SGX-ST) has entered Wave C of its Elliott Wave cycle. This bullish signal indicates that the price may rise from the previous close of $1.38 to the next Elliott Wave target price of $1.48. Wave C is the final part of the corrective phase which moves against the direction of the overall market trend (either bullish or bearish). Wave C is typically at least as large as Wave A and often extends to 1.618 times Wave A or more. The Wave C target price is determined using Fibonacci ratios.