Showing posts with label Noble. Show all posts
Showing posts with label Noble. Show all posts

Tuesday, 20 June 2017

Noble (CGP) - 20 June 2017

Indebted Noble confirms bank loan relief, shares climb further


Noble weekly chart shows a strong price support at $0.285 and resistance is at $0.520.

Stochastic is at oversold region and turning up.

Tuesday, 6 December 2016

Noble (N21) - 06 Dec 2016


Noble Group ditches stakes in 4 UK power firms for $33m http://sbr.com.sg/utilities/news/noble-group-ditches-stakes-in-4-uk-power-firms-33m#sthash.CsWKZlNa.dpuf

The weekly chart of Noble shows that it is trading in a range between $0.160 and $0.195. However, this range is a swing of about 21.88% which is a decent trading range.

The current support is at $0.161 and $0.152.

The resistance levels are $.175 and $0.192.

Thursday, 11 August 2016

Noble (N21) - 11 Aug 2016


Noble Group sunk into 2Q16 with net loss of US$54.9 million.
http://www.theedgemarkets.com.sg/sg/article/noble-sinks-us55-mil-loss-2q

The technical chart shows that the current support is at $0.151 and next support is at $0.146.

The resistance is currently at $0.157 and $0.164.


Monday, 30 May 2016

Noble (N21) - 30 May 2016


Another bad news hits Noble shares this month. Noble CEO resigns; Noble to sell US energy marketing subsidiary. http://www.businesstimes.com.sg/companies-markets/noble-ceo-resigns-noble-to-sell-us-energy-marketing-subsidiary

Technically, Noble was trading in a range between $0.300 and $0.325 for the past eight trading sessions after the steep down-trend. However, today's news sends Noble breaking the $0.30 support and closed lower at $0.280 with high volume.

The current support is at $0.265 and resistance at $0.300. The Fibonacci retracement levels are shown in the chart above. 

Monday, 9 May 2016

Noble (N21) - 09 May 2016

Noble Group Ltd. plunged the most in more than four years after Fitch Ratings Ltd. placed the company’s debt ratings on negative watch according to Bloomberg. http://www.bloomberg.com/news/articles/2016-05-09/noble-group-tumbles-as-fitch-places-ratings-on-negative-watch

According to SGX filing, Franklin Resources, Inc. sold 9,17,900 Noble shares at average price of $0.4219 on 05 May 2016 and reduced its holdings to 5.94%

Technically, Noble down-trend should continue with support at $0.325 and $0.305 after breaking its 100-day Moving Average with high volume today.