Noble

Noble Hitting double resistance of SMA 200 and Downtrend line....

There will be 2 scenario whereby

1)Breakout of SMA200 and Downtrend line -> A reverse H&S prediction.

2)Retreat from SMA200 and Downtrend line -> drop back to support of 1.70.

Note:There are a few STI components with the same pattern....All is dependent on today US market