Good morning, i was watching the progress of Noble Group with great interest after it broke another resistance level of $2.11. When I scrolled up the chart to look for the next resistance level, i suddenly saw that the next resistance level is its all time high of $2.24. Attached above is a weekly chart of Noble Group.
This is a major price level. If Noble Group manages to close above $2.24 on a weekly candle, then the potential upside price target is $2.24 + ($2.24-$1.56) = $2.92.
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