What a sell down seen for Noble Group after a few CFD SELL calls issued to clients previously. Any rebound expected now? Where to?
Sent: Tuesday, June 02, 2015 9:14 AM
Subject: ********Noble Group - Breakdown of 0.800 support on top volume, more weakness below 0.800, cautious long position, price 0.76, CFD SELL !
Subject: ********Noble Group - Breakdown of 0.800 support on top volume, more weakness below 0.800, cautious long position, price 0.76, CFD SELL !
Following up from previous sell call, has indeed headed to a low today of 0.766 before see some technical rebound. Range would now be from 0.76 to 0.800 and there can still be more weakness in the mid to long term if it stays below the support turned resistance 0.800 level. CFD SELL can be used to ride any downside to 0.700 eventually if 0.75 – 0.75 temp support breaks down further too.
Sent: Friday, May 29, 2015 9:12 AM
Subject: ********Noble Group - Breakdown of 0.800 support on top volume, more weakness below 0.800, cautious long position, price 0.79, CFD SELL !
Subject: ********Noble Group - Breakdown of 0.800 support on top volume, more weakness below 0.800, cautious long position, price 0.79, CFD SELL !
As mentioned 2 days back, Noble has indeed broke below the 0.800 psychological support level and this can open a new wave of weakness if it stays below. CFD sell can be used to ride the downside to 0.74 then 0.70 now where we can expect a temp technical rebound. Cautious long positions below 0.800 now. With all 3 moving averages pointing downwards, not a good sign.
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