Noble Group ($N21): Watch for 1.89

Noble Group’s chart continue to show weakness.

The leading kumo shows heavy resistance from current level of 1.9 to 2.07

Having rallied to $2 last week, it has since give up much of the gains and close near the support level of $1.89

A break at this level will see it goes towards 1.70; most likely 1.56

From the Ichimoku Weekly Chart, we can also see that the current price level shows Noble firmly below the kumo; a bearish indication.





By iam802

Trend trading with Ichimoku