16 Sep 2010 - Noble seems to have peaked; NOL looks erm...

Noble Group

A very obvious dark cloud cover although its a shame that the volume is low. However with most indicators at oversold region and have begun to crossover. It only makes sense to short.

NOL

YZJ & Cosco rallying up like nobody's business. So everyone is thinking NOL is the laggard? Not really, all 3 rallied up around 31st Aug. Its just that NOL's % increment is lesser than the other 2.

Currently, NOL is trending up within the channel and that its attempting to flirt with the channel's support. IMO, with the indicators favouring a downturn, dont bank too much on this counter.

Everyone's looking at a $2.10 profit margin. Perhaps it pays to be a contrarian.