MichaelGLamothe

NOAH working on a potential Square Box Base

Long
NYSE:NOAH   Noah Holdings Limited
2
NOAH tested and found support at the 10wk line this week. It may be working on a potential square box base or even a flat base if it continues to trade sideways for another week or two. Note how the volume has dried up while NOAH has consolidated and how it has seemingly "walked up" the 10wk line. It's RS line is nearing new highs ahead of price as well.

Potential pivots include 35.58 (which it cleared today) and 37.92

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