Singapore Stock Tip: Noble going Down?

Hi friends,

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 1^st 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

Above mentioned is our view and only CFD can be used for short-sell.

ARTeam KL

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On 12 Apr 2012, Thursday (English Seminar) or 13 Apr 2012, Friday (Chinese Seminar).

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Sharing on    1) An overall view of Technical Analysis strategies

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Date: 12 Apr 2012, Thursday (English Seminar) or 13 Apr 2012, Friday (Chinese Seminar)
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