Sembcorp Industries Ltd – More Upside Might Be Possible

Sembcorp Industries Ltd – More Upside Might Be Possible SCi

Sembcorp Industries is one of the many counters that we are looking out for.

It is currently resisted by the downtrend line that we drew and also by the horizontal resistance line at 3.23 . What we like is that there is an increase in volume, the moving averages seems to be sloping up and the 20ma might be cutting above the 50ma which is a good sign.

Another factor to take note is the upcoming opec meeting on 25th May. Where opec will decide if they will extend the output cut. Oil has been rebounding and that might be positive for our oil counters like sembcorp marine and keppel corp both of which we are looking with interest.

Though sembcorp industries is not a direct oil play. It could potentially benefit from the extension cut.

Our possible entry might be 3.24 with  a stop loss of 3.12 and a target of 3.35 first.

Yours

Humbly

Kelwin&Roy

Sembcorp Industry

Sembcorp Industry Aug 2016
Sembcorp Industry Aug 2016

We saw a nice rebound on sembcorp marine today as it reached its double bottom at 1.295. Hopefully some of that rebound spill over to sembcorp industry. Its currently being resisted at 2.75 if that breaks we might see it head towards towards 2.85. Our stop loss would be 2.65. It is currently on CD and will xd on 16 aug with 4 cents dividend

Yours

Humbly

Sembcorp Industry

Sembcorp Industry July 2016
Sembcorp Industry July 2016

Sembcorp trading in a range hit the resistance and it might come down to test the 2.8 support and if it remains weak we might eventually show 2.6 in the coming weeks. Stop loss will be above the resistance of $3

STI came very close to our resistance of 2964 and it retraced from there. But friday’s closing was strong on the upside so lets watch to see if market will break that resistance and maybe test 3000. We could still plant some shorts on weaker stocks which does not move up with the index.

Yours

Humbly

 

Sembcorp Industry

Sembcorp Industry June 2016
Sembcorp Industry June 2016

Its getting late, just decided to update the blog before catching whatever sleep possible. =)

Sembcorp as we can see, is now hugging on its uptrend line at about 2.72 which also coincides with the horizontal support line.  Its testing it the third time and if this breaks we might see it head down south to about  2.52 area. A nice reward with a short entry at 2.71 and stop loss at 2.83.

STI and noble came down further after our blog post while we’re still waiting for capitaland to trigger for shorts. Hope you’re not trying to catch the falling knives and getting hurt along the way.

Yours

Humbly

Sembcorp Industry

Sembcorp Industry May 2016
Sembcorp Industry May 2016

Hi Dear Friends,

Sorry for not posting for quite awhile as we are were busy with some admin stuff and were unable to post but our clients still got regular update and managed to profit from the may sell down .

Today we are looking at sembcorp industry, it has reached the support of $2.60 and if this support holds we might see a temp rebound but we are not that optimistic that this will last that long. So overall we are looking for it to break 2.60 and head further south. Remember your stop loss which we will put at $2.75 if we were to short.

We will try to update more on the STI soon and lets continue to see if sell and go away in May continues. Have a blessed week

Yours

Humbly

 

Sembcorp Industry

Sembcorp Industry Feb 2016
Sembcorp Industry Feb 2016

Sembcorp Industry rallied together with the STI last week but failed to break its resistance of $2.54 . With current market sentiment and with oil price sliding below $30 again this counter would be a good candidate for short. There was an increased in volume today with a bearish candlestick forming. We might see it go down to test the support of $2.17 and lets see if the support holds there…If not…………

The chart for sembcorp mar and SGX looks kind of similar, go take a look =)

Yours

Humbly