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Thursday, May 3, 2018

Bearish Counters Such as Best World, Venture,Hi-P, Sembcorp Marine

Best World - The current price is Trading below it's 20 & 50 days Moving average looks rather bearish.

If $1.47 cannot hold then it may likely continue to go lower towards 1.40 then 1.30.


Venture - After touching the high of $29.65 in 13rd April, it has since fallen off sharply to hit the low of _18.50 yesterday. This is super bearish!  TheThe curr price of $19.75 is trading below it's 20, 50, 100 & 200 days micing average which may likely see a temporary lifting/rebound from here. It may continue to slide further down if the recent los of 18.50 cannot hold. 

Hi-P : After touching the high of $2.79 on 14 March it has since corrected sharply to hit the low of $1.45 yesterday. This is super bearish!

The current price of $1.57 is staying below it's 20,50,100 & 200 days MA. Things does not look rosy. It may get a temporary rebound ..pls dyodd.


Sembcorp Marine - this counter has risen most probably due to oil price and analyst painted a GD picture. Fundamental wise ,it is still lacking far away from it's golden days . The rolling EPS is 3.9 cents . PE is 70 times.
I think it Look expensive to me.
The current price is staying below its 20,50 & 100 days  moving average ,which is quite bearish .If 2.05 is broken down then we may see the price slide down further towards $1.88 .



Not a call to buy or sell.
Trade/invest base on your own decision. 



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