Noble Group - evening star signals turn to the downside | Technical Analysis

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After the rebound for Noble, it is now setting up an evening star pattern, which is a short-term psychological pattern signalling an exit by the smart money. This trade was triggered last Friday, and I am expecting the SG markets to open down tomorrow after the bad news (or rather lack of good news) on the US markets. Since the US markets are closed tomorrow, there will be much apprehension in the SG markets, as evinced by the extremely low volume last Friday. I will be watching for more short opportunities. Good luck trading!

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Spencer Li

Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.