Noble (technical)

Noble: Trading Central says the stock remains in a bearish trend and is capped by its moving averages. But tips a technical rebound, as prices have rebounded on a major medium term support at $1.05. Adds the RSI is starting to hook up from oversold levels and still has potential for a rise. Says above $1.05, a continuation for rebound to $1.16 (coincides with 20day MA) remains the most likely scenario. But warns a penetration of the $1.05 support could trigger a bearish reversal to $1.00 and $0.91 in downward extension.