SGX, Noble

5th April, 2016, 11:28 AM
SGX Apr 2016

Another stock that we are looking for shorts is SGX. SGX currently is at is support of $7.72 and rebounded alittle towards closing. This support was previously the resistance and is now the resistance turn support. So if a break of $7.72 and staying below it would warrant us a short and with a stop loss of about $7.87.

Noble Group Apr 2016
Noble Group Apr 2016

Noble as you can see if bouncing off the uptrend support line at about 0.41, its is also the horizontal support line of 0.41 and a break below that might signal more downside to 0.385 first. Lets see where this goes from here.