STI down 25 points and currently trading at 2963. STI support level is 2936.
Technical view for Noble: See attached/below chart. Obviously it has broken below 1st level support and if you look at the chart it has forming a Descending Triangle pattern and this kind of pattern is for short-sell opportunity.
Example of trade plan:
Short-sell entry at 1.315
Cut-loss at 1.35
Cover short-sell position at 1.24
Btw we will be conducting a FREE Seminar on Singapore Stocks
<<A.R.T. Traffic Light System: Using the system to predict where your stocks go accurately>>
On 12 Apr 2012, Thursday (English Seminar) or 13 Apr 2012, Friday (Chinese Seminar).
Do recommend your friends to this workshop!
Sharing on 1) An overall view of Technical Analysis strategies
2) A Traffic Light system revealed that teach you when to GO and STOP in trading
3) Market Outlook for March 2012
4) Traders' Habits
5) Individual Profile Diagnostic
Date: 12 Apr 2012, Thursday (English Seminar) or 13 Apr 2012, Friday (Chinese Seminar)
Time: 7pm – 10pm
Venue: 141 Cecil Street, Tung Ann Association Building #07-02 S(069541) Tanjong Pagar MRT Exit G, walk straight 80m, opposite the traffic light
Speaker: Andy Ong (ART system Founder)
To register pls click here