Tuesday, 7 June 2016

NOBLE GROUP - RELIEF RALLY SEEN TODAY AFTER PLAN $500M RIGHT ISSUE

 
The fall-out of NOBLE Group plan right issue have triggered its share price dropping from a high of $0.30 on Friday to a low seen yesterday at $0.22. After days of rout, we see some stability in NOBLE Group shares price today and an attempt to break 24cents is a sign of reversal rally to come so we alerted it today. Indeed NOBLE managed to break the 24cent mark and rally higher for the day hitting a high of $0.255. After the market closed today, we are happy to see that "Commodities set to break into bull market after four-year rout" being published by BLOOMBERG.
 
http://www.bloomberg.com/news/articles/2016-06-06/commodities-set-to-break-into-bull-market-after-four-year-rout



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