Noble (N21) – Doomsday Scenario | Technical Analysis | Singapore Shares

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N21 010912

Many people have been asking me about Noble, and to me it looks bearish. After gapping down, it has never really reboubded or recovered, instead merely consolidating sideways. This is typical of weak stocks. If we use the gap down as a flagpole, we can measure a doomsday scenario estimation for Noble. Do note that this is just a best guess estimate. 

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