Noble Testing Major Support Zone

Major support zone is being tested. This support zone consists of

1. 200SMA

2. Red dual support channel

3. Lavender support band

4. 200EMA

Support failure here will result in a retest of the green support band and if further weakness persists a downward slide within the blue channel is expected.

Take note that any rebound from this major support confluence zone will need to clear the upper resistance of the blue channel and strong resistances are imminent at the orange resistance belt and the Ichimoku Kumo Resistance Cloud.