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Tuesday, July 5, 2016

Noble Rights & Mother share

Noble R - 5th July 2016

Noble R today first day of trading is rather impressive with a beautiful white thrust bar presented on the chart and closed well at 10.5 cents .
This is rather bullish . Couple with high volume of 626m Rights changing hand. This is generally quite positive.



In my opinion,this momentum is likely to continue to see it play out for the next two or more trading days as the strong demand is capable of driving the price higher.

Those having Noble share being purchased using Cash will be able to transact the trading of Rights on the SGX market and pocketed the gains from selling these rights.
If they would like to take up the Rights then they may accept the Rights offer via ATM or internet banking( is better to check with your broker if you are having doubts).

As for those Noble share being purchased using SRS account i think they can also do the similar exercise but must indicated selling under SRS.
For those that would like to take up the Rights offer then just have to wait for the letter to come and then just Sign and send back the letter or fax it back to their respective Bank that they have opened this SRS account.

Lastly, for those using CPF I think similarly they can also transact the selling of the Rights on the SGX market but must indicate selling under CPF. Please check with your respective Bank where you had opened this CPF investment account if you are not sure about this procedure.


Noble Mother share - 5th July 2016

Noble after hitting the low of  0.155 on 27th June 2016 it had since staged a strong recovery and head higher to touch 0.205 on 5th July 2016. This is rather bullish.
Couple with high volume this is generally rather healthy/positive.


The current price is also hovering above the SMA lines which is generally quite positive.

Also both Macd & Rsi are trending higher which may likely provide further indication that the share price may continue to trend higher.

In my opinion, breaking out of 21.5 cents with good volume  (which is also the current resistance) with ease that may propel to drive the share price higher towards 26 cents with extension to 30 cents.
( trade base on your own decision)





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