Showing posts with label Noble 121210. Show all posts
Showing posts with label Noble 121210. Show all posts

Sunday, December 9, 2012

Noble Trading Within Channel - Chart as at 10th Dec 2012 1204 pm

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More range trading until bulls or bears breakout from the blue channel. Any breakdown below immediate support will retest support zone 1.

A strong breakout above the both the immediate resistance zone and resistance zone 1 is needed to ignite and launch a new uptrend.

Current dominant blue channel in play. Monitor for potential breakout which will indicate new trend direction.