Noble group reported weaker than expected earnings last week. But the price started to weaken since mid February. It is almost at its pivot low of about $1.05. Keep a close watch of the price action as noble drifts lower. It may start to reverse at about $1.10.
Above is a weekly chart of the STI. Momentum is still down and it looks headed towards the 50% retracement level of about 2820. I think there is a good chance of a reversal at that level.
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