Short term wise, I think a technical rebound may happen.
It might be good to stay sideline and wait for it to stabilize first .
The current trend is rather bearish and may likely continue to trend lower.
(trade base on your own decision)
Thursday, May 11, 2017
Noble Group
Noble Group - Noble went through the share consolidation of 10:1 . I think It seems that the market is not in favor of this share consolidation. Also it had just announced the 1st Qtr result with a net loss of almost 130m. Yesterday, we have witnessed the drastic selling down of the share price from 1.29 to close at 87.5 cents. The share price looks super oversold at this moment.
Short term wise, I think a technical rebound may happen.
It might be good to stay sideline and wait for it to stabilize first .
The current trend is rather bearish and may likely continue to trend lower.
(trade base on your own decision)
Short term wise, I think a technical rebound may happen.
It might be good to stay sideline and wait for it to stabilize first .
The current trend is rather bearish and may likely continue to trend lower.
(trade base on your own decision)
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