In my post yesterday, I commented that the resistance of Noble Group at $1.10 looks strong and there is another resistance for this stock at $1.08. Today, Noble Group stock headed 1.4% south to close at $1.085. I think investors have to look out for this $1.08 point as it could be the resistance or the support. Yesterday, I mentioned that Keppel Corp’s resistance was at $8.85 and today Keppel Corp stock retreated 0.9% to close the trading session at $8.86. This is not surprising to me as yesterday, Keppel’s stock price formed a doji. I set the support of Keppel Corp stock at $7.91.
The stock performance of both Keppel Corp and Noble Group mirrored most of the stocks on the Singapore Stocks Exchange and this reflected the broader sentiments of the stocks markets. I do not want to invest ......