Monday, 30 May 2016

Noble (N21) - 30 May 2016


Another bad news hits Noble shares this month. Noble CEO resigns; Noble to sell US energy marketing subsidiary. http://www.businesstimes.com.sg/companies-markets/noble-ceo-resigns-noble-to-sell-us-energy-marketing-subsidiary

Technically, Noble was trading in a range between $0.300 and $0.325 for the past eight trading sessions after the steep down-trend. However, today's news sends Noble breaking the $0.30 support and closed lower at $0.280 with high volume.

The current support is at $0.265 and resistance at $0.300. The Fibonacci retracement levels are shown in the chart above. 

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