Shares & Derivatives
Noble – Were you caught by surprise? What now?
By My Route To Financial Freedom  •  March 2, 2015
I’m sure everyone is well aware of Iceberg’s research report on Noble. Honestly, I haven’t really read much into it. The only thing I’m aware of is the $600m on Yancoal and target price of $0.10 Honestly, I feel that $0.10 is too exaggerated. Using a TA perspective, here’s why. It’s a fact that Noble has been trending down since Sept 2014. To trade with the trend would mean to never have been long in the first place. I agree that the rally starting from Feb 2015 gave somewhat of an indication that trend may have been broken. However an uptrend can only be confirmed when price makes a “higher high, and a higher low“. This simply tells you that there’s no uptrend although it indicated a possibility with just a higher high. Since what has happened has happened, let’s look forward. Where is the market heading ......
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By My Route To Financial Freedom
Aloysius Lee, co-founder, is currently pursuing a degree in Business at Nanyang Technological University (NTU) and is the President of Investment Interactive Club 17/18. He graduated from Singapore Polytechnic (SP) with a Diploma in Banking and Financial Services. During his course of study, he was awarded the SB Business School Achiever Award, UOB Kay Hian Scholarship and Phillip Futures Prize ...
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