Noble (technical)

Noble: Trading Central says share price is well directed after the upside breakout of its medium term declining trend line on 6 Aug, with the 50 day SMA supporting the current upward trend. Notes daily RSI stands above a rising support and remains above its neutrality area at 50%, with the tightening of the Bollinger bands an early indication of a possible increase in volatility. Expects further upside to $1.39 and $1.44 in extension, as long as $1.27 support holds.