Aug 10-12, TA for Noble Group

Trend - Downtrend,
Momentum - Oversold,
Support - 1.57 (* using Fibonacci Retracement as Guide)
Resistance - 1.90 (* using Fibonacci Retracement as Guide)

As most of the stocks are falling like a knife, it makes no sense to show micro-movement. As they are breaking a few supports in 1 day, it is very unusual. In this aspect, fibonacci retracement will help us to detect a better entry/exit. Clearly, Noble Group has reached it Fibo - 61.8% support level. If there is an technical rebound, this should be a good entry - 1.57. An exit should be around Fibo-Retrace - 78.5% or 1.90. If there is technical rebound, don't be greed - take your profit near it.