After the share consolidation last week of 1 for 10, we have seen the price of Noble increase by about 10 times correspondingly back to above 1.00, at about 1.30.
But only to see more selling toward the key 1.00 support yesterday.
A note was sent out to still be cautious of the break down below 1.00 where it could trigger a flush of sell orders again....
See chart below when it was at 1.02 when the note was sent out..... hanging dangerously above the critical 1.00 support.... where there were some short covering...
For illustration purpose only.
But then it broke as predicted.... the sell down began fast and furious...
Target drawn in the chart at 0.800 and 0.600 has both been hit.
Low at 0.61 today.... A massive sell down indeed....
This question is did we get any clues way earlier that could lead use to know about the sell down, ok, maybe not that massive like yesterday and today, but at least a bearish indication to this counter.....
I mean a signal that allows us to know that we should not be thinking of buying this stock, longing it etc...
But instead think the other way round....
Shorting it and riding the downside for profits...
Looking back at the system with Noble’s prices adjusted for the share consolidation.... yes, there is still the 1ET BEARISH ENTRY SIGNAL, 17 APR 2017 (See below chart).
For illustration purpose only.
Looking at a 61.7% sell down from the sell entry price in just 3 weeks....
To be honest, I have no idea when the exit will come.
But till it comes out, I want to be careful on any long positions…..
I mean probably still think about shorting on any slight technical rebound….
Congrats to inner circle members who were alerted by system and not just holding on blindly….. look out for the exit if it comes…. J
Recent Emails:
Sent: Wednesday, May 03, 2017 9:17 AM
Subject: ***** Noble: The next support did not hold too, price 0.127
Subject: ***** Noble: The next support did not hold too, price 0.127
Sent: Tuesday, May 02, 2017 10:53 AM
Subject: ***** Noble: A new low again and some short covering but is the selling really over? Take a look at system too.... Price 0.141
Subject: ***** Noble: A new low again and some short covering but is the selling really over? Take a look at system too.... Price 0.141
For illustration purpose only.
System before the share consolidation.
For illustration purpose only
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