1. Noble Group
It was previously mentioned the previous level 1.24 provided good opportunity to long, with stop loss below 1.11. And to look for activities if price traded above 1.27.
Technical Analysis (Ichimoku KinKo Hyo)
Price action remains above the kumo cloud channeling between 1.21 to 1.25 but below the tenken sen now. Chikou span is about to break above the cloud hi, providing bullishness to the overall price activities. The ichimoku cloud ahead is providing support to the price action for it to stay above the kumo cloud.
Trading Strategy (Ichimoku Trading)
Continue to maintain long. If price action goes to 1.24 and gains momentum, it is not difficult to see it break 1.27. Stop loss level can be raised to 1.14.
2. Hyflux
It was a roller coaster ride for Hyflux. Price action went down to 1.29 from 1.35 after our post on Hyflux. However, it never went below 1.27 (Just yet)
Technical Analysis (Ichimoku KinKo Hyo)
Price action went up to 1.38 after establishing low at 1.29, it is now 1.375, the level mentioned in the previous post to look out for.
Tenkan-sen remains above kijun-sen and emerges out from the ichimoku cloud. More significant, chikou span has also cut above the ichimoku cloud. The forward cloud has changed from bearish to bullish, but support remains thin.
Trading Strategy (Ichimoku Trading)
Continue to maintain long and stop loss remain at 1.27, with adjust to 1.29 later.
Great Post thanks for sharing...
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