Noble Group *Official* (SGX: CGP)

MikeDirnt78

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after 20 cents dun buy la, want speculate also hoot at support level.

Overall the mgmt failed to do the job. The share consolidation is rubbish; more like issue more rights.

20 cents was a major resistance. This level tested twice before. I thought broken many were saying sky was the limit back then. :D
 

Hyruga

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Still can short. After noble consolidate to $1.20, it will drop further back to $1...this kind of pattern very standard.

Only problem with shorting you can only do it on the day itself. Is there cfd for noble?
 

t0rnado

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Joke counter.
How many times this counter going to consolidate?
Prepare to short Tmr!
 

king2penn

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Goodbye N21 & welcome CGP!
At current price to reward ratio Noble is quite enticing (0.35 PB approximately)
All bad news has been priced in & fundamentals should improve in the coming quarter(s)

:s12::s12::s12:

Vested near temp support level @ 0.120 (now $1.20)
2,700,000 shares (270,000 shares after consolidation)
Cut loss level near S$1
 
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king2penn

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Opening 1.32 today and now currently at 1.335.
Small ups preferred to big movements

With the current pips (0.005) and taking into account the share consolidation, share prices are actually moving in finer increments
Positive momentum towards share price. Current share price has priced in possible negative/flat results end of next week so anything that suggests an improvement should result in more upward momentum

Expect sideways consolidation these few days :D
 

king2penn

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Today friday so might test the recent low of 0.120
going forward next week even though its consolidation phase it might go further south to test 0.112. depends on market sentiment

=hug to sleep=\

its not noble if you don't go into losses first! :s13:

P.S. I traded noble from 0.144 to 0.20 last time
 

Perisher

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I agree that with the consolidation, less magnitude in terms of movement. But then, it won't rise big anymore. Many would have move on to other pennies.
Those who lost $$ on this before consolidation won't be happy about it as upward movement now is not gonna be big.
 

king2penn

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I agree that with the consolidation, less magnitude in terms of movement. But then, it won't rise big anymore. Many would have move on to other pennies.
Those who lost $$ on this before consolidation won't be happy about it as upward movement now is not gonna be big.

true.. nature of the stock will change also
but now shortists would'nt find it rewarding at all to short this stock due to lesser rewards and a now depressed value
not much to earn for them

new movements should be more stable and trending upwards like a proper stock. key thing is whether big funds will move in again into this counter. that will give it a bigger momentum
 
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