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.
NOL rejected at 200D SMA with a Hanging Man candlestick pattern. Expect more down side.
Learn how to identify trend reversal using candlestick patterns, check out the Technical Analysis Hands on class here.
NOL Fundamental Data
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Fundamentally and Technically NOL is a good stock to short! However, beware of the rumor in the news below. Current price is close to the book value of $0.9147.
Singapore’s Temasek puts up shipper Neptune Orient Lines for sale -WSJ
Yanlord is currently trading in a Down Trend Channel but seems like rebounding from the down trend channel support at the moment. However, this Morning Star reversal pattern is not fully formed yet as it is not meeting the Morning Star Pattern criteria. Immediate resistance at $1.07 which is also the 200D SMA resistance.
So far the candlestick reversal patterns are relatively reliable for Yanlord.
To learn how to candlestick patterns to identify the trend reversal , check out the Technical Analysis Hands on class here.