Noble Group (technical)

Noble Group: The longer term downtrend on the counter is still intact, with a resistance at $1.17. Any break above that level would be positive for the counter. The declining ADX could also provide a support that the downtrend could be losing strength. On the shorter term with both RSI and Stochastics hooking up, counter looks to be positive if it could break the near-term resistance at $1.04.