Shares & Derivatives
Noble Group, NOL and CapitaMalls Asia.
By A Singaporean Stockmarket Investor (ASSI)  •  July 19, 2011
Just a quick look at some charts:
Noble Group's share price formed a bullish engulfing candle on high volume. If we turn on the MA envelope, we see how it touched the lower boundary and bounced off. Stochastics is in the oversold region and could turn up. Could share price rise to $1.90?
NOL's share price formed a white hammer on high volume. Similarly, Stochastics is in the oversold region and could turn up. Could it rise to $1.45?
CapitaMalls Asia. Connecting the lower highs since 6 October 2010 makes me wonder if we could see the downtrend resistance tested again. Likely to be a long drawn process. Will probably have to see gap closing at $1.55 first......
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By A Singaporean Stockmarket Investor (ASSI)
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