Noble Grp broken out of trendline

Noble Grp has made a strong indication of trend change with breaking both the trendline and horizontal resistance at $1.67 accompanied by high volume. Now its a good chance to buy on dips. Nearest support is at 1.67 and resistance at 1.75. Taking half at 1.75 is a good choice if several bearish candlestick happens around that region.
Given the earnings will climb/exploded in 2013 (check out from Bloomberg Terminal), I hope to see that Noble will consolidate and slow down its acquisition to improve the earnings as too high a leverage can be also very dangerous.
Do watch out for possible flag formation to for re-entry.
ezinvest.files.wordpress.com/2010/09/201...oble-grp-800x600.png
First time here in forum. Wondering has anyone done any FA on this company? Previously used the bloomberg terminal and see that the earnings will climb in 2013. Has anyone checked out the accuracy of Bloomberg Terminal.

Today Noble followed Olam and StraitsAsia for a strong move upwards following STI breakout of 3040. Noble has even broken the 1.75 resistance that I mentioned. 1.75 to 1.77 might be a resistance range. Do wait for retracement before entry as noble has definitely changed into a uptrend stock.
FA wise this company has too much right issue and hence might not go well with investors. In case they need money from us again. PE has been affected greatly because of it.
Given the chance I would still say IndoAgri has a better chance of making new high among the sector
Vested interest
Sector chart ezinvest.files.wordpress.com/2010/09/2010oct13-commo-pchart.png

RBS and Sempra Energy are reportedly close to a deal to bear their jv N American retail business to Noble Grp, with sale price in the low hundreds of millions of dollars. Sempra Energy’s CFO highlighted last Thur that a deal should be announced shortly, without providing any details.

This baby finally made a run, hmmm I mean sprint. It gap up 7 cents and is up by 11 cents currently because of the acquisition. The volume is so high that it reaches the 70million half day already, which the daily average is only 35 million. Next few days will be important to see if the resistance can be broken. The business acquired is superb as the debt can be easily recovered within 3 years and add 20% increase to their bottom line. Will it go back to the historical high? Vested interest. How should I lock in profit while riding the trend?

Noble Group, which counts China’s sovereign wealth fund as a shareholder, plans to expand into supplies of nuclear fuel to meet rising demand from China and India, its executive chairman said. The company bought a 5.1% stake in USEC Inc., a U.S. provider of enriched uranium producing 50% of the fuel in the world, Tobias Brown said in an interview in Singapore today. Of all the nuclear plants being built, about half are in China, he said. “We are looking carefully at the provision of nuclear fuel to Asia,” said Brown, 47. “There’s no doubt that one cornerstone of energy production in Asia will be the use of nuclear power generation.” China’s demand for uranium may rise to 20,000 metric tons a year by 2020, more than a third of the 50,572 tons mined globally last year, according to the World Nuclear Association. India’s needs will grow 10-fold to 8,000 tons as it quadruples nuclear-power capacity to 20 gigawatts, according to Jagdeep Ghai, finance director at state-owned Nuclear Power Corp. Noble is keen to secure a share in the provision of processed fuel as opposed to mined raw uranium because the barriers of entry to uranium enrichment is steep, Brown said. USEC has U.S. regulatory clearance to sell enriched uranium to mainland China, the New York Times said in a report in June.

Is it a good or bad news?