Above is a daily chart of the STI. Today is another bullish day, with the market cheering news of a high chance of a China stimulus. Commodity related stocks rallied on anticipation of a surge in demand from China. The STI closed above 2800 points. Momentum is on the uptrend, support looks pretty strong at 2767, with resistance at probably around the next fibonnacci retracement level of about 2870.
Above is a daily chart of NOBLE GROUP. The chart pattern looks similar to that of the STI, with support at about $1.05. Today was an up day on high volume, so it looks likely that the push upwards will continue. My upside target for NOBLE group is about $1.23.
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