Thursday, June 13, 2013

****** Trading Sell: Noble Grp. Share price 0.965 ( Still below 1.00 as mentioned yesterday - CFD SELL TRADE ONLY)

Follow up from Sell call made yesterday, 12th June 2013. Noble has indeed traded lower on a weaker market and tested the 0.96 immediate support level. Might consolidated from 0.96 to 1.00 before finding a new direction. If the 0.96 and 0.95 support breaks down again. Possible to accumulate more short positions. As long as resistance is firmly at 1.00, bearish trend is still intact.  Short term downside to 0.900 if 0.95 support clears out completely by BB.
Buy stop at 1.03 to close off any short positions.
 

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