Noble (technical)

Noble: Trading Central notes the break of the critical $1 pyschological level yday, which should trigger a strong pullback toward $0.93. The stock recently acclerated on the down side after validation of a bearish flag pattern, Both the 30 day and 50day MAs are heading downwards, which further adds to the selling presure. While RSI is technically oversold, it has not yet displayed any reversal signals. Resistance at $1.055.