Monday, October 10, 2016

Noble Group - A Super Uptrend

Noble Group had been on a super uptrend since Sep 5th and then the stock just took off without looking back. Today it released a good news where it announced the sale of US energy unit Noble Americas Energy Solutions to Calpine Corporation for US$1.05 billion, comprising US$800 million plus a repayment of US$248 million worth of NAES working capital. The stock then jump further to a high of 0.21 with a superly thick Queue of 25 million shares at 0.21. My student had been trading Noble since it started to breakout and made $ out of it. So is Noble going to continue it's stellar run or take a small breather first? I would take the latter and play safe.

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Ronald K - Market Psychologist - A Stock Market Opportunist