Noble Group: Down Trend Ended?

Noble Group has broken out from the Down Trend Channel resistance. This is the 1st sign of potential reversal pattern. Things to watch for the reversal confirmation:

  • 20D & 50D starts to trend up.
  • A Higher High, Higher Low chart pattern formation.
  • Noble has to clear $1.17 resistance (38.2% Fibonacci Retracement Level)
  • Potential formation of Inverted Head and Shoulders with neckline at $1.17.

Potential Entry Point (Long position):

  • Noble pull back to form the Right Shoulder (Inverted Head and Shoulders)
  • Breakout at $1.17 and turned this resistance to support level.

Original post by Marubozu from My Stocks Investing Journey.

2015Feb6-Noble Group

Current P/E Ratio (ttm) 9.8036
Estimated P/E(12/2014) 11.6948
Relative P/E vs. FSSTI 0.6525
Earnings Per Share (USD) (ttm) 0.0871
Est. EPS (USD) (12/2014) 0.0730
Est. PEG Ratio 0.1893
Market Cap (M SGD) 7,784.08
Shares Outstanding (M) 6,739.47
30 Day Average Volume 26,969,120
Price/Book (mrq) 1.1027
Price/Sale (ttm) 0.0605
Dividend Indicated Gross Yield 0.99%
Cash Dividend (USD) 0.0300
Dividend Ex-Date 11/18/2014
5 Year Dividend Growth 3.75%
Next Earnings Announcement 02/18/2015