Based on what one reads in the papers, Euro zone appears to be imploding. But looking at the STI, the chart does not look all that bad. We had a strong rebound to about 2800, which is just above the 21dsy moving average before retracing back to previous support at about 2767. This support appears to be holding well. Near term resistance is 2800, next level of resistance is about 2850. Near term support is 2767, next support is at about 2700. Momentum is turning up.
Above chart is an end-of-day chart of NOBLE Group. It appears to have found support at $1.05 and now appears to be looking to test support at $1.14 after hitting resistance at $1.175. Next resistance is at $1.23. Momentum is slowly turning up.
Based on what one reads in the papers, Euro zone appears to be imploding. But looking at the STI, the chart does not look all that bad. We had a strong rebound to about 2800, which is just above the 21dsy moving average before retracing back to previous support at about 2767. This support appears to be holding well. Near term resistance is 2800, next level of resistance is about 2850. Near term support is 2767, next support is at about 2700. Momentum is turning up.
Above chart is an end-of-day chart of NOBLE Group. It appears to have found support at $1.05 and now appears to be looking to test support at $1.14 after hitting resistance at $1.175. Next resistance is at $1.23. Momentum is slowly turning up.
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