sembcorp marine

Updates : Sembcorp, Sembmar, Keppel Corp

Kelwin & Roy Keppel Corp, Sembcorp Ind, sembcorp marine , , ,
28th July, 2016, 1:24 PM

Sembcorp ever since our previous post on 24th jul has been coming down and finally close at 2.85 today. We’re hoping it test then 2.8 support then head to 2.6. Still looking bearish for us.

Sembcorp Marine Jul 2016
Sembcorp Marine Jul 2016

Sembmarย ( SMM for short) since last friday as it broke the 150 support started to come off and down to 1.435 today. It reported its result this evening (http://www.sembmarine.com/scm2016/wp-content/uploads/2016/07/SCM2Q2016-PressRelease-28July2016-1.pdf) . Results wasn’t fantastic Q2 profits down 90% from the same period a year ago. We’re looking at 1.40 then 1.30 eventually.

Keppel Corp also down from when we posted, though alittle late but better late than never right? On track for 5.20 target

Yours

Humbly

 

Sembcorp Marine

Kelwin & Roy sembcorp marine ,
22nd July, 2016, 4:10 AM
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

Kelwin & Roy sembcorp marine ,
7th April, 2016, 3:22 PM
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

Sembmarine

Kelwin & Roy sembcorp marine
21st September, 2015, 3:11 PM

Sembmarine testing the downtrend line and closed right at it. With oil recovering in US trade we could see it finally break above that downtrendline, it tried to break it on friday but came back down at closing. If it manages to break above and stay above that downtrend line we might see it test $2.55 in the coming days.

sembmar

Yours

Humbly