Noble Group: Bull is back!

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All signs are showing Noble Group is going to start a bullish uptrend.

  • Noble Group has cleared the previous support turned resistance of Descending Triangle of $1.04.
  • Noble Group has cleared the 200D SMA resistance and trading above all the 3 Moving Averages.
  • Noble Group is trading in an uptrend channel.
  • Morning Doji Star (or Bullish Abandoned Baby) rebounded at up trend channel support and 100% FR support.
  • Noble Group is fitting the Fibonacci Retracement Level (0%, 61.8%, 100%, 161.8%) very nicely.
  • Noble Group will be heading towards 261.8% Fibonacci Retracement level at about $1.25 IF
    • Stay above $1.04 and this becomes a reliable support.
    • Clear $1.06 resistance (161.8% FR)
    • Uptrend still intact (higher high, higher low)

However, the whole bullish scenario will be void if Noble Group goes below $1.04 and the 200D SMA become resistance.

2013Nov6-Noble Group

 

Original analysis by Marubozu @ My Stocks Investing Journey.

WATCH OUT Earning release on Nov 12, 2013.

Key Statistics for NOBL

Current P/E Ratio (ttm) 23.5758
Estimated P/E(12/2013) 15.1685
Relative P/E vs. FSSTI 1.7251
Earnings Per Share (USD) (ttm) 0.0360
Est. EPS (USD) (12/2013) 0.0560
Est. PEG Ratio 1.0112
Market Cap (M SGD) 6,991.81
Shares Outstanding (M) 6,627.31
30 Day Average Volume 26,622,270
Price/Book (mrq) 1.0964
Price/Sale (ttm) 0.0578
Dividend Indicated Gross Yield 2.13%
Cash Dividend (USD) 0.0181
Dividend Ex-Date 05/14/2013
5 Year Dividend Growth 0.53%
Next Earnings Announcement 11/12/2013
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