sembcorp marine

Sembcorp Marine – [ Rebound Off Our Support]

Kelwin & Roy sembcorp marine , , , , , , , , ,
27th February, 2018, 11:11 AM

Sembcorp Marine – [ Rebound Off Our Support]Sembcorp Marine 27th Feb 2018

Chart Source : Poemsview 27th Feb 2018

Sembcorp Marine had a nice bounce from our support of 2.16 which we blogged just last thursday evening. We anticipated more selling from Thursday close and indeed it came down to our support.

If Sembcorp Marine manages to stay above its 50ma at 2.24 we might see it move up to the next target of 2.36.

Market is moving now so we’ll keep the update short. Our Support is at 2.16 now and if that breaks 2.09 will be next.

As you can see from the chart, simple trendlines and support lines are key to your trading journey.

Click HERE if you are serious about learning more on how trendlines/moving averages/support lines can help you in your trading journey.

We got a team of top tier remisiers waiting to serve you.

Yours

Humbly

Kelwin&Roy

Sembcorp Marine – [ Sinking or Floating? ]

Kelwin & Roy sembcorp marine , , , , , , , , , ,
22nd February, 2018, 5:44 PM

Sembcorp Marine – [ Sinking or Floating? ] Sembcorp Marine 22nd Feb 2018

Chart Source: Poemsview 22nd feb 2018

Sembcorp Marine reported its results in the morning before market opened with it sinking into the red for the fourth quarter with  a net loss of $33.78 million. More can be read here.

Also, during the briefing Sembcorp Marine confirmed yesterday that the Brazilian authorities have charged an individual over alleged illegal payments linked to drillship contracts won by the company’s units. More can be read here

Adding to that, some brokerage houses were downgading Sembcorp Marine.

What a turn for Sembcorp Marine. Just a few weeks back, brokerage houses were upgrading this counter and now its taking a bad hit.

If you have drawn a short term downtrend line we might have seen Sembcorp Marine being resisted. Also, do be careful holding a counter over earnings release. These are good measures to have in order not to be caught off guard the next day.

As for now there is a huge volume sell down and more selling might be coming. We’re putting our support at 2.22 then 2.16 area before deciding our next course of action. Lets wait for the dust to settle before entering.

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Yours

Humbly

Kelwin&Roy

 

Sembcorp Marine – Down Today

Kelwin & Roy sembcorp marine , , , , , , , ,
19th April, 2017, 11:54 PM

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

Kelwin & Roy sembcorp marine , , , , , , , ,
18th April, 2017, 11:56 PM

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

Kelwin & Roy sembcorp marine , , , , , , , ,
9th April, 2017, 11:31 PM

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%

Kelwin & Roy sembcorp marine , , , , , , , ,
23rd February, 2017, 10:18 PM

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 !

Kelwin & Roy sembcorp marine , , , , , , , ,
17th February, 2017, 10:18 PM

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

Kelwin & Roy sembcorp marine ,
11th December, 2016, 3:59 PM

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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