Friday, August 16, 2013

******** Trading SELL: Noble Group. Share price 0.875 (CFD SELL ONLY)

Following up from previous SELL call on 19 July 2013. Noble Group has now broken the 0.90 psychological level and the immediate 0.88 support level today. More downside can be possible on more market weakness. Next downside target to 0.85 then 0.80. Only the upside breakout of 0.900 will invalidate our bearish scenario. In this case a recovery should shape towards 0.95. Can continue to accumulate short positions as long as upside resistance remains and is not broken above.
Buy Stop at 0.915.

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