Noble is still moving up in an uptrend channel. Resistance seens at $3.23. Noble has been on the uptrend since April without a major healthy correction. OCBC Investment Research has a BUY rating for Noble with a fair value price of $3.73 (base on 14.1 PE ratio of FY2010F).
China Fishery dropped out from the uptrend channel and broke the 50D MA support line. If China Fishery stays above $1.263 (61.8% Fibonacci Retracement level) and bounces back from this support, this is considered a healthy correction before continuing the up trend. It looks like a Head & Shoulders is formed too with neckline at around $1.263. If this critical support is broken, it may send the stock down to $1.06 level.
China Zaino closed at $0.285 with a bearish marubozu candle. It dropped out from the current uptrend channel and also broke the 20D MA support line. If China Zaino can move up in the next few days, a new channel line (with different gradient) has to be redrawn. Otherwise it will be the end of the uptrend and the stocks will move into consolidation phase.