Noble Grp chart.  Source from www.chartnexus.com

Despite posting fantastic results, Noble Group cannot escape from the hefty selling that has become a frequent sight in the stock market these days. The resistance level may be at $1.14 which is the high of November’08 and the support may be at $0.47 which is the low of October’08. With more countries reportedly to be in recession, global economy slow down may become a reality. As such, there is little incentive for the stock to break the $1.14 resistance level. The reading on ADX suggests that Noble maybe in a trading range.