Noble gap up this morning, however because of slowness and some hesitation, did not unload and book profits but rather profits turned into small losses. Noble had some downgrading from fitch ratings recently and the stock suffered a great fall when the negative ratings was released.
http://www.businesstimes.com.sg/companies-markets/noble-group-slumps-most-since-11-after-fitch-debt-ratings-move
Yesterday it released another news that probably drove the stock price up a little before it met with another tranche of sellers today at 0.375.
http://www.businesstimes.com.sg/companies-markets/noble-group-set-to-clinch-us3b-credit-facilities
As of now, the stock is very difficult to trade with so many resistance and uncertainty. Just like Yuuzoo, need to stay out and rotate to the next counter. This stock may just cause everyone to have an heart attack.
Workshop Date: 17th May 2016,Time: 7.00pm to 9.00pm
Contents: Name, e-mail address and mobile number.Ronald K - Market Psychologist - A Stock Market Opportunist
