NOBLE montage9.15
The Noble Group stock chart looks interesting here, after its second attempt at testing the low of 0.435 late August.

The rebound for the stock looks good consolidating near the upper trend line of the descending channel.

If the stock is able to build and consolidate a base here, we may see an attempt of the next resistance at 0.63c.

Failure to break above this descending channel may see the stock pressured to retest its 0.435 cents low again.

Two opposing forces continue to exert authority on the stock's price.


NicholasTeo3.15Nicholas TeoOn the downside, there is continuing skepticism over the firm's accounting practices and balance sheet concerns. This remain a key drag on the stock's performance. 


The persisting levels of the company's CDS's (5-yr debt) at an elevated price highlights the anxiety of the company's creditors.

On the upside, however, the recent announcement by Olam on their stake sale to Mitsubishi Corp has put the spotlight on commodity plays and the possibility of M+As there. 

With such a large degree of outstanding stock on loan to short borrowers, Noble's share price may enjoy a boost from any short squeeze that may occur as nervous 'shorts' pare their exposure.


Share Prices

Counter NameLastChange
AEM Holdings3.7300.030
Avi-Tech Electronics0.280-
Best World1.760-
Broadway Ind0.120-
China Sunsine0.4000.005
DISA0.003-
Food Empire0.630-0.010
Fortress Minerals0.370-0.005
Geo Energy Res0.350-0.005
Golden Energy0.790-0.005
GSS Energy0.048-
InnoTek0.4800.020
ISDN Holdings0.400-
ISOTeam0.090-
IX Biopharma0.124-0.001
Jiutian Chemical0.0810.001
KSH Holdings0.350-
Leader Env0.056-
Medtecs Intl0.134-0.002
Meta Health0.025-
Nordic Group0.4700.005
Oxley Holdings0.1540.003
REX International0.2300.005
Riverstone0.620-0.005
Sinostar PEC0.185-
Southern Alliance Mining0.4200.010
Straco Corp.0.4050.010
Sunpower Group0.275-
The Trendlines0.0940.002
Totm Technologies0.099-0.003
UG Healthcare0.189-0.001
Uni-Asia Group0.8200.010
Wilmar Intl4.020-0.030
Yangzijiang Shipbldg1.350-0.030

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 496 guests and no members online