A look at STI first. Momentum is falling, short term trend is sideways, longer term trend is still down. 50day moving average line appears to be the new resistance for the STI. But range is small today, ending with a doji, so the market is uncertain on the direction to take.
Above is a daily chart of Noble Group. The price of Noble Group was unable to close above the previous pivot low of $1.205 again. This is not a good sign. I think this stock is best to be avoided for now.
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