Noble Group Analysis



Noble the old darling of Singapore retail traders could be back in action soon. Amidst all the doom and bad press regarding the company debt issues, the stock has rallied strongly since Sep. The previous 2 attempts at 0.20 did not break, but 3 times could be the magic number. It is currently sitting on the support trendline, so an entry to long here is actually low risk.

With the backing of a bullish crude oil, i believe Noble will challenge the 0.20 resistance and possibly break it this time round. If not, cut loss is lean below 0.159.