Thursday, 26 January 2012

Singapore Stock Tip (using ART system): Noble - a worth watching stock

Dear Friends,

Attached is a stock that is worth monitoring & watching. Noble, after last quarter dismay earnings results, has been consolidating after Gapping Down 30cents. A few days back, it breaks out of $1.25. See how this stock flies!

However because we miss this breakout, let us wait patiently now for the consolidation back at $1.25. No point catching the flight now as the news has already broken out in the papers that its subsidiary company reported good earnings results.

I found out that this stock will release its Full year results on 28th Feb. So I believe there will be a run-up till the announcement. Most likely resistance at $1.50. See if we can get in at $1.25...

So watch closely now...

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