Home > Noble Grp > Noble Grp gapped up

Noble Grp gapped up

This baby finally made a run, hmmm I mean sprint. It gap up 7 cents and is up by 11 cents currently because of the acquisition. The volume is so high that it reaches the 70million half day already, which the daily average is only 35 million. Next few days will be important to see if the resistance can be broken.

This is a very good business as the debt can be easily recovered within 3 years and add 20% increase to their bottom line. Will it go back to the historical high?

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  1. Cyngal
    September 21, 2010 at 11:45 am

    What is noble next resistance?? Possible to hit 2.2 in coming weeks?

    • September 21, 2010 at 5:58 pm

      DJ Noble Group Target Raised To S$2.24 From S$1.92 By DMG

  2. September 21, 2010 at 6:23 pm

    Not sure how long Noble’s trend will last, but personally there’s no point in limiting one’s profit by setting a target. much better to set a cut loss

  3. September 21, 2010 at 7:22 pm

    @edmund yes a painful lesson indeed. next time i would know how to react if such situation. now i can only hope that counter comes back to gap resistance before taking off. chances are quite unlikely.

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