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Thursday, 4 August 2016
Noble Group Technical Analysis: 4 August 2016, Thursday, 2.30am Singapore Time
Noble Group Technical Analysis:
4 August 2016, Thursday, 2.30am Singapore Time
Attached above is the technical analysis of Noble Group.
Pink support-resistance trend lines shows how the history repeats itself for creation of launchpads for significant rallies. The launchpads are being created right now for this month, August-2016, as indicated in chart. Green boxed region is the final accumulation zone. Yellow trajectory is the expected bottoming process and a powerful rally is expected for 2H-2016 and 2017.
(Observe the pink technical lines in detail: this is how launchpads can be derived at times and adds to triangulation of support)
Most people are extremely bearish in stock markets right now.
This is good time for markets worldwide to punish the bears severely, by executing powerful unexpected up-moves.