Noble Group looks like going to break the recent low support of $0.645. If this support is broken, next support is at $0.47. Continue to short Noble until there is a reversal pattern. So, trade with the trend. The Trend is your friend!
Previous Noble Group Technical Analysis.
Note: 2nd Quarter Earning Release on Aug 12, 2015.
Noble is currently trading within a Down Trend Channel and capped by the declining 50D SMA resistance. Another nice stock chart to short sell.
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:
Potential Entry Point (Long position):
Original post by Marubozu from My Stocks Investing Journey.
| 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 |