Noble Group – Moving Up? 

Noble Group has came down since our last blog post on it in end feb when we were mentioned that it has hit the resistance. It went down below what we expected but seem to built a base around the 0.183 region. It has since then started to move up slightly.

Noble has caught our attention once again and it looks like it might try to make an upwards movement towards 0.20-0.21.  Our stop loss would be at 0.183 level. If it breaks 0.183 level then we might expect more downside.

There are some announcement on Noble Group which you can read over here regarding their Share consolidation and their 2016 annual report.

Yours

Humbly

Kelwin&Roy

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