Noble..

As we mentioned this earlier this week, we were looking at this stock with some potential of uptrend. 

Not in it yet but worth keeping it in your watchlist and wait for clearer signs to come out. 

Company name: Noble Group Ltd

Company code: NOBG.SI

About:  Noble Group Limited (Noble) is an investment holding company, engaged in managing the global supply chain of agricultural, industrial and energy products; ship ownership, chartering and the provision of technical ship management services; trade finance; coal mining, soybean and sugar cane crushing activities and ethanol production. Noble operates in three segments: Agriculture, Energy, and Metals, Minerals and Ores. On December 21, 2011, it acquired a 51% interest in Blackwood Corporation Limited. On June 11, 2012, the Company incorporated Noble Chartering Marshall Islands Limited. On June 14, 2012, the Company’s wholly owned subsidiary, Noble Jade B.V., acquired 90.74% interest in Karakubske Khlibopryimalne Pidpryemstvo LLC. In August 2012, its wholly owned subsidiaries, Temmar Netherlands B.V. and Noble Netherlands B.V., sold 100% interest in Temmar - Terminal Maritimo Do Maranhao S.A. to Terminal Quimico de Aratu S.A. - Tequimar, which is controlled by Ultrapar Participacoes S.A.

Looking at recent movements, there was a small gap up from $1.19 to $1.21 from Thursday to Friday and closed above its 20MA. The 50MA and 100MA has also touched but not showing any clear indication whether it will be an uptrend or resistance point yet. Noting that the Stochastics and MACD seems to be picking up but it is still unclear whether we are expecting a consolidation here or break out. Next week would probably be good to monitor this as Noble has been fluctuating along this price range and $1.27 to $1.29 would be the next potential resistance point since it retracted from there for the past 2 weeks. 

Your thoughts?