Noble Group: Bull is back!
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.
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 |
