Noble Group: 23 July 2012, Monday, 11.05pm Singapore Time

Noble Group: 23 July 2012, Monday, 11.05pm Singapore Time

Noble Group: Weak Price Structure in this commodity stock has broken down today; next phase of sell downs will eye immediately for

1. 85cents first Double Top Target 1

2. 80cents immediate waveform price satisfaction point.

3. 68cents Double Top Target 2

4. 57cents new purple price structure break-down target.

Donovan Rating: accumulate immediate SHORTS as indicated in Technical Analysis Chart. Short down this stock until capitulation selling (margin calls) and retailers/investors cannot breathe.

Looking to queue for more Shorts at $1.06 - $1.00 (Casting multi-layered net at this range)

LATEST UPDATE (24 JULY 2012, TUESDAY, 9.05AM, AT MARKET OPEN)
ADDITION OF NOBLE SHORTS ALL SUCCESSFULLY EXECUTED AT $1.05

Existing Noble Shorts, Refer:

http://donovan-ang.blogspot.sg/2012/06/latest-shorts-initiated-on-noble-group.html 

World markets are beginning the next phase of financial crisis and world trades are set to hit hard. Noble, a commodity stock, is now reacting and confirming to financial markets on the Bear Market in world trades. The major support is breached with intentional breaching volume. 

Noble is also a confirmation on weakness of BRICs, Brazil, Russia, India and China. The BRICs will have nasty Shortwaves coming (refer: http://donovan-ang.blogspot.sg/2012/07/donovan-bric-ex-russia-index-19-july.html)

Best of luck to your trades and investments.