Tuesday, June 25, 2013

***** Monitor closely: Noble Group. Share price 0.965. (Trading sell on break down of support)

Noble has tested the critical 0.95 support twice already. Went to above 1.00 last week when markets rebounded but has tanked down again on market weakness. A high beta stock that tracks market closely, to short if the market weakens further and 0.95 support does not hold. Will build Short position from 0.935 to 0.945 level if the support breaks down. Short term target to 0.900 if 0.95 breaks.
Buy Stop at 0.965. 

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