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:
- 20D & 50D starts to trend up.
- A Higher High, Higher Low chart pattern formation.
- Noble has to clear $1.17 resistance (38.2% Fibonacci Retracement Level)
- Potential formation of Inverted Head and Shoulders with neckline at $1.17.
Potential Entry Point (Long position):
- Noble pull back to form the Right Shoulder (Inverted Head and Shoulders)
- Breakout at $1.17 and turned this resistance to support level.
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 |