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. 

Yang Zi Jiang Analysis



Since the last breakout at 0.81, YZJ shipbuilding has rallied further. The quick drop back to 0.80 this week is indication of further strength in the stock. After hitting 0.93 region, the previous gap at 0.98 will be the target.

The Baltic Dry Index is also recovering from the downtrend. Coupled with the strong performance in the Shanghai Market due to the Shen Zhen HK stock connect that is on the horizon, the positive atmosphere should allow YZJ to sail further down this uptrend current.



First Majestic


First Majestic is a major silver mining company listed in the US market. The stock has been consolidating after its drop from $19. Notice how the dips around $8 were always supported. On Friday, First Majestic broke through the $8.88 resistance. I expect the stock to commence its run up from here back to $13.