Wednesday, November 27, 2013

Noble Group (technical)

Noble Group: VR Technicals has a Technical Buy Call with $1.17 TP. Note that MACD (26,12,9) is trending higher suggest that upward momentum is still strong on the upside. 14-day stochastic and relative strength index moving above/near its overbought region confirm bullish outlook. For more risk adverse traders, VR Technicals suggest a buy should share price retrace to its 20 day Ma of $1.06.

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