Noble:
Dropped on high volume today despite having a new SWF buying over 50,000,000 units of Noble Group.
Strong support seen at $1.98 to $2.00 region, which coincidentally coincides with the lower channel line.
This one looks good. I will enter should prices drop to that region.
Golden Agri:
Another counter close to a strong support.
Strong support eyed at 63c.
Seems to be consolidating around 65c level.
Will consider entering should prices weaken to 63c
CapitaMallsAsia:
this one is another close to support.
Indicators wise, all three counters paint a similar picture:
- declining MACD, the latter two in negative region whilst Noble in positive region
-Bullish divergence for force index
-oversold stochastics.
Of these three, Noble looks the most compelling should it reach it's target price (Longer term picture is of an uptrend as opposed to downtrend for CMA). I will revisit them again if they reach target price......