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Noble is turning down after hitting 20MA resistance but it may be supported at 1.60 by the 200MA.

MetaStock CSI system scan shows potential Long position trade for Noble. Trigger at 3.4 and Stop loss at 3.29.

Keeping a watch on the following counters for possible swing trades:

Noble: Strong uptrend stock. May swing back up without getting back into the buy zone as CCI already turning back up.


Indo Agri: Bounced off around 20MA today so if it clears today's high, may swing back up. Only thing is lower volume compared to yesterday.


Kepland: Doji forming around 20MA and previous resistance may be support.


OCBC: So far seems to be supported by 40MA.

Both Parkway and Noble were not triggered on Friday, so will continue monitoring it for swing trading.

Singtel is also another possible candidate as it bounced back up when nearing the 200SMA.

I'm now back from a short break and will be monitoring Parkway and Noble for possible swing trades as they have now pulled back to the buy zone (area around the 20 to 40 MA).

Potential trigger for Parkway would be 2.88 with a Stop at 2.77.


For Noble, potential trigger would be at 3.1 with a Stop at 3.01.

Metastock scan showed potential Swing trades for the following:

Noble: Trigger at 2.63 and Stop loss at 2.5.

Finaone: Trigger at 0.58 and Stop loss at 0.505.

The problem here is that currently the reward to risk ratio is not too good for both stocks. So likely to wait and see.
However may attempt to trade Finaone based on the hourly chart.