Noble Group TA

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My Noble Group TA view

NAV: 0.9105
PE: 11.545
Total issued paid up shares: 6,627,079,000
Mkt Price: 0.945
Distribution Yield: 2.305%

Noble has being testing its 100dma(0.951) for 9 times already, but failed to convincingly break out with volume. Stochastic and volumeOsc showing bearish divergences. When the VolumeOsc reaches an extreme and starts to reverse, it is indicating the potential for a reversal of the prevailing trend(Pring). To each his own.

Noble Group Limited (SGX: NOBL) was incorporated in Bermuda in 1994. The Group manages the global supply chain of agricultural, industrial and energy products. Noble operates a diversified portfolio of raw materials from over 80 offices in more than 40 countries, originating product from low cost producing countries and delivering to high growth demand markets - its "pipeline" strategy. An experienced team of 10,000 employees serve more than 4,000 customers.

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