Sembcorp Marine – Down Today

Sembcorp Marine – Down TodaySMM

Sembcorp Marine been down 6% since it broke our support line of 1.83. It went to a low of 1.72 and rebound back to 1.74 just in a day after our post. Wow, that was fast. We hope our readers managed to learn something from this. =)

Sembcorp Marine saw an increased in volume today so we might see it trend lower in the coming days. It won’t be a in straight line and some rebound here might be expected with the downtrend line acting as the resistance.

We drew further support lines as our eventual targets and will update more when the time comes.

Congrats, you made it through mid week. Two more days to the weekend.

Yours

Humbly

Kelwin&Roy

SembCorp Marine – Being Flexible and Turning Short

SembCorp Marine – Being Flexible and Turning Short

SMM

Following up from our previous post on Sembcorp Marine . We were waiting and hoping for it to break the downtrend line we drew but it never came.  It broke the horizontal support line of 1.83 instead and went down to a low of 1.80

In our post we mentioned if the support of 1.83 broke we would be turning the other way which is to go short. A lesson learnt here is to let the market tell you what it wants to do and not try to second guess it. Be flexible and go with the trend.  Sembcorp Marine went to a day low of 1.80 which is nearing the 50 days moving average. Our first support would be around there and if it can’t stay above that then we might see 1.74.

We would use Poems CFD to short and not do a naked short as we would like to hold our shorts for awhile.  Stop loss are in place.

Yours

Humbly

Kelwin&Roy

SembCorp Marine – Holding Up Well

SembCorp Marine – Holding Up WellSMM

Sembcorp Marine is now on our radar and is a stock that we’ll be watching for the coming week. It’s been holding up well for the past week at around the horizontal support of 1.83.  It is currently being resisted by the downtrend line and nearing the end of it. We’re keeping track of it to see if it can breakout of it.

We’re hoping for a breakout in the coming days but if the support of the 1.83 doesn’t hold then we might turn the opposite direction. Our entry point would be above the downtrend line.

It will be a shorter week this week with only 4 trading days  as friday is Good Friday. Have a blessed week ahead.

Yours

Humbly

Kelwin&Roy

 

 

Sembcorp Marine – Our warrior is up 20%

Sembcorp Marine – Our warrior is up 20% smm

Sembcorp Marine had a wonderful run today after releasing its results. It has swing to a profit in Q4 which probably helped in lifting the price up. A future squeeze on short sellers also helped the price moved up sharply. In fact sembcorp marine is up 20% since our first post in just two weeks. Solid gains and we hope our readers managed to learn something through this.

If you have been following us for a while, Sembcorp Marine broke through our uptrend line which could be another possible entry. We have drawn a few possible resistance in the near term so don’t forget to shift up your trailing stop now.

Yours

Humbly

Kelwin&Roy

Sembcorp Marine – Fought up to our target and more !

Sembcorp Marine – Fought up to our target and more ! Sembcorp marin

Sembcorp Marine related to the oil & gas sector saw a nice ride up this week. We posted it just a week back when we saw some strength as it still being supported by the 50 days moving average and the uptrend lines.

So what’s next for Sembcorp Marine since it has hit our target of 1.57? From the chart although it has broke through the resistance of 1.57 it didn’t manage to stay above it. We’ll need to see if it can stay above 1.57 if it does then we might see 1.60 .Also, don’t forget to shift your trailing stop loss up.  Slow and steady for sembcorp marine.

We hope our readers manage to learn and benefit from our sharing and had a great trading week. It’s time to take a break and have a restful weekend now. Recharge and be ready for next week.

Yours

Humbly

Kelwin&Roy

Sembcorp Marine

smm

 

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Following up from our previous post of sembcorp marine , it did attempt to break the downtrend line of 1.48 and even its 200 days moving average but failed to stay above and had some retracement. But we’re still looking at it as on the weekly chart as it has broken above the downtrend line on the weekly chart.

Also, Opec and non opec agree on first global oil pact since 2001. (http://www.wsj.com/articles/opec-russia-upbeat-about-securing-oil-output-deal-as-meeting-begins-1481362580). This could spur oil prices up and we might see sembcorp marine moving up too. Our entry might be 1.485 and a stop loss of 1.42. Our first target 1.515 then 1.59

Yours

Humbly

 

Sembcorp Marine

Sembcorp Marine Jul 2016
Sembcorp Marine Jul 2016

Sembcorp mar , it pushed below its major support of 1.505 level and currently still below. it was testing 1.505 level a couple of times and finally cracked below. This signal weakness and with that we would a short position could be made at 1.485 with a stop loss at 1.52. It’s results will be out on 28july will it suffer the same fate as keppel corp? Lets stay tune. For now sembcorp mar is weak to us.

Yours

Humbly

Sembcorp Marine

Sembcorp Marine Apr 2016
Sembcorp Marine Apr 2016

Sembcorp Marine, it formed a bullish harami yesterday on 6th april and one would kind of expect price to move up the next few days but it didn’t hence it caught our attention. And oil rebounded the night before but sembcorp marine didn’t rebounded as expected. So it might be worth pay attention to this stock

Today’s candle looks like a bearish engulfing one which might signal more downside to come. We would short at any price below today’s low and a stop loss of either 1.60 or 1.64. Targets we are looking at might be at 1.47 then 1.39.

 

Yours

Humbly