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Do Not Catch A Falling Knife — Noble Group 

Last Updated: July 26, 2019

By Rayner

noble5 Facts About Noble Group

1) Price is currently below 200 and 100 EMA, which indicates the medium to longer term trend is towards the downside.

2) Price has traded lower 7 months in a row.

3) Price is currently over extended to the downside.

4) The 20 & 50 EMA is currently acting as dynamic resistance.

5) The pullback currently range from 9 – 24.5 cents.

Trading Plan

A pullback towards 20 & 50 EMA provides shorting opportunity.

Stop loss will go above 50 EMA.

Kindly do your own due diligence. As always, comments are welcomed and encouraged. Cheers!

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