Noble Group: Up Trend Still Intact if …

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Base on current chart pattern, Noble Group uptrend is still intact if  50D MA support (about $2.00) is strong enough. This 50D MA support is also a uptrend support. Next immediate Resistance at $2.24.

Noble is close to 52 weeks high of $2.24 and thus upside potential may be limited. In additional, current Noble Group’s PE is 14.8 which is at the fair value.

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Straits Asia Resources (SAR): Still on Uptrend but …

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Straits Asia Resources (SAR) has hit the target price of $2.60 after the breakout (see past analysis). SAR is still on up trend but closing in 52 weeks high.  

  • $2.74 is the resistance and $2.40 is the 50D MA support (also very close to the uptrend support).
  • Current PE of 14.95 (base on price $2.69) is at its fair value.
  • Recent stock upgrade by CS and OCBC.

Let see whether SAR can break this $2.74 resistance.

Continue ReadingStraits Asia Resources (SAR): Still on Uptrend but …