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Tuesday, December 3, 2013

SembMar

Update for SembMar 16 Apr 2014 - SembMar is looking good to retest $4.12. All 3 indicators are still pointing upwards which is rather positive. Breaking out of $4.12 with good volume that may drive the share prices higher towards $4.18 then $4.27.(trade base on your own decision)

Update for SembMar 8 Apr 2014 - SembMar today form a white soldier and closed well at $4.11 couple with high volume is rather bullish. All 3 indicators are pointing upwards which is rather positive.Short term more likely to head higher towards $4.17 then $4.27.(trade base on your own decision)

Update for SembMar 4 Mar 2014 - SembMar  current price of $4.06 present a good opportunity to accumulate. Both RSI & MACD are showing sign of turning upwards which is quite positive. Crossing over of $4.13 with high volume may see it rises further towards $4.23. Full year dividend of 13 cents is also giving quite a decent yield of 3.2 percent. At this moment it is on a consolidation pattern as reflected on the chart. SMA seems to be showing sign of turning upwards of which may help to propel the prices from going higher.
(trade base on your own decision)

Update for SembMar 24 Feb 2014 - SembMar Full Year 2013 result Net Profit increase 3% to $556M. 4th Quarter 2013 Net Profit increase 9% to $182M. A final dividend of 6 cents + special dividend of 2 cents was declared. Total dividend of 13 cents for whole year. A good set of result. Tomorrow may gap up from the closing price of $4.09 today(24th Feb). Both RSI & Stochastic are pointing upwards which is rather positive. Breaking out of $4.17 with good volume that may see the prices rises higher towards $4.30(trade base on your own decision)

Update for SembMar 20 Feb 2014 - SembMar will need to breakout $4.17 in order to move up . Failing which breaking down of $4.04 will see it goes down towards $3.99 soon.
(trade base on your own decision) 

Update for SembMar 10 Feb 2014 - SembMar has managed to bounce off from the low of $3.90 on 5 Feb and risen up to $4.07 on 7 Feb with good volume. This is rather positive. With this rebounce, it has also reverse this down trend and may continue to head higher. Both RSI & stochastic are showing sign of turning upwards which is rather positive. Short term more likely to move up to test $4.22 soon.
(trade base on your own decision) 
Update for SembMar 05 Feb 2014 -SembMar is still rather bearish as reflection from TA point of view. Yesterday closed lower at $3.94 with quite high volume is rather negative. Short term may continue to go lower to test $3.80 soon.No sign of reversal yet.
(trade base on your own decision)


Update for SembMar 28Th Jan 2014-
SembMar has broken down of the major support at $4.20 on 24th Jan 2014 which is rather bearish. All 3 indicators such as MACD,RSI & Stochastic are still on a downtrend mode. Short term is rather negative. It may continue to trend downwards to $4.00 then $3.80.
(trade base on your own decision)
Update for SembMar 14th Jan 2014 - SembMar looks bearish from the chart-wise point of view as it has just broken-down the recent low of $4.24 and closed at $4.23 . All 3 indicators are also pointing downwards which is quite negative. It may continue to go down and test $4.14 soon.
(trade base on your own decision) 
Update for SembMar 6th Jan 2014- SembMar still looking good to go higher. MACD is still showing an uptrend mode. Volume wise for the past 3 days was low which is a good sign. Look for it to breakout $4.46 that will drive the prices higher to $4.50 & above.
(trade base on your own decision)

Update for SembMar 24th Dec - The confirmation to long entry was triggered on 13 Dec and the price now has moved up from $4.25 to $4.37. Chartwise is looking good. All three indicators are also pointing upwards. Look for a breakout at $4.41 to send the price higher to $4.50 soon.
(trade base on your own decision)
 
Update for SembMar 11th Dec.
SembMar is still showing sign of weakness. If the recent low of $4.25 is broken down, then $4.15 is imminent.Wait for the right signal to enter if you are thinking of going long.


Sembcorp Marine the stock price recently broke below its 50-day MA's support at $4.50, and remains under pressure.Chartwise looks very bearish.The daily RSI is turning down, and entered its negative territory. A breakdown at $4.35,may see it goes down to $4.15 soon. (Trade base on your own decision)

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