Tuesday, 12 January 2016

NORDIC - DOWNSIDE RISK TO OIL & GAS SECTOR

Nordic is the only stock being unaffected by OIL&GAS drop in 2015. Back in 24th Novemeber 2015, we recall a spike in volume as a final stage of Distribution in this counter.
 
However in 2016, we see adverse risk from OIL&GAS companies like SHELL, KEPPEL, PETROCHEMICAL spilling the beans and could affect NORIDC. Therefore, we would take a short-term SHORT punt on this counter towards a target of $0.13-0.14.
 
 

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