Noble (update)

Commentary:

Price has been rising in agony. This can been seen by the rise in price which is accompanied by declining volume. Noble most recent peak (peak 2) is also lower than its prior peak (Peak 1). I have redrawn its intermediate trendline and price action would most likely to be capped by it. Short-term weakness is expected.

The above scenerio would be negated or less plausible if volume picks up strongly. Trade with care.