Monday, January 19, 2009

Noble - could be turning up

Noble 160109
Noble hit support of $0.965 and could have turned up.
Need one more confirmation - red channel.
Mon (19 Jan 09) trading range is $1.01-$1.05. ($1.01 is the big volume on 16 Jan 09. Looks creditable)
If it can closed above $1.05, I think we can see for a short term uptrend.
My target is $1.14.
Given the volatility of Noble, it may hit $1.17 again.
Got to cross $1.09 before this.

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