Thursday, January 14, 2016

Sembcorp Marine: New multiyear lows again on sell down... target BREACHED..... More weakness? price 1.405

Let’s see if the temp 1.40 can hold? Heading towards 1.00?

Sent: Friday, January 08, 2016 9:49 AM
Subject: ********** Sembcorp Marine: Breakdown below 1.65 support level. price 1.62, More weakness below 1.60 still....
From yesterday’s SELL CALL, we have indeed seen a sell down below the 1.60 support and more selling pressure today to 1.51 before a technical rebound. May start to consolidate above the 1.50 support level for now with it trying to find a new resistance. More downside below 1.50 if it breaks down. Can cover back some short positions or long cautiously by scaling trades near 1.50 level…

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