Otto Marine - A series of BUY CALLS on breakout, now at 0.046

Is it heading towards our target at 0.050 ?

Sent: Tuesday, April 14, 2015 12:37 PM
Subject: ********************* Bullish Setup: Otto Marine - Consolidating before a further breakout, indicators positive, price 0.044

From yesterday’s call, may consolidate from 0.042 to 0.045 now. Note that clearing of 0.045 sellers can be more confirmation of it pushing higher to 0.050 then 0.060. At current level, has just crossed above the 100 day MA line which can suggest a longer term trend change to upwards. As long as 0.040 – 0.042 remains as the new support, a breakout above 0.045 seems likely with volume still maintain as of now. Raise stop loss to 0.044 on a further breakout.

Sent: Monday, April 13, 2015 2:47 PM
Subject: ********************** Bullish Setup: Otto Marine - Breakout seen above 0.040 on top 30 volume, indicators positive, price 0.042

Otto Marine has cleared above the psychological 0.040 resistance which it has broken down and traded below since February. At current levels, it has also crossed above the downward sloping channel resistance line which can signal a trend change finally. 20 day MA line on the verge or reversing upwards with it showing strong volume. All 3 indicators positive with MACD showing strong momentum buy turning positive after a bullish crossover. Target to 0.050 then 0.060 in the near term as long as it holds above 0.040 now, stop loss at 0.038.

************************** Potential Rebound: Otto Marine - 0.057 resistance critical for more upside..... price 0.057 (NOW 0.064)

BreakOUT INDEED seen after yesterday’s call at 9.39am…. heading towards our next target at 0.066 ? What do you think ?

Be a client of ours now so as NOT TO MISS out further on TOP trading calls.

REPOST ************************ Otto Marine: Potential breakout above 0.075..... Monitor for more upside on the break..... price 0.073 (Repost - NOW 0.77)

Breakout did occur above 0.075 today ! Can it stay above now ? Congrats to Clients who manage to accumulate some before the breakout. Let’s watch !

****************** Otto Marine: More downside possible, becareful your Long positions.....

Otto Marine has traded lower gradually since Jan this year from a high of 0.100. Has formed a Bearish Descending triangle pattern through lower higher since Jan with horizontal support at 0.075. Today we have seen this critical 0.075 support broken on TOP 5 Volume. Currently at 0.072… more downside can be possible if the 0.070 psychological support goes too, to 0.064 then 0.055. Watch your long position. As long as 0.075 is a new resistance, we are bearish. Those looking to accumulate on dips can consider doing so from the 0.055 region if it does reach there.

REPOST *********Potential breakout play on volume: Otto Marine. Share price 0.086. (Can the 0.088 clear ?) - NOW 0.089...

Now at 0.089, Let’s see if it manages to stay above the 0.090 psychological level as mentioned yesterday…….

 
Sent: Monday, February 17, 2014 2:58 PM
Subject: *********Potential breakout play on volume: Otto Marine. Share price 0.086. (Can the 0.088 clear ?)

 

Otto Marine currently at TOP 10 Volume has broken the 0.083 immediate resistance. Likely to trade within the range of 0.083 to 0.088 within the next few days. Monitor closely for a breakout above 0.088 and confirmation at 0.090….. if it does happen, poised to trade higher on momentum to 0.095 to Critical 0.100 resistance level. Also note the pulling away upwards from the 20 DAY MA Green line finally after being alongside for the past 1 week.

Stop loss at 0.081

NEWS - 13 February 2014

*Otto Marine: Clinched a US$11.3m long term charter contract for its 2,800 bhp AHTS vessel, Go Emerald, to be deployed in Western Australia.

 

******** Trading Buy: Otto Marine. Share price 0.067. (Cleared immediate 0.065 resistance - TOP 5 Volume)

Otto Marine has just cleared the immediate 0.065 resistance level today on pretty reasonable Volume. Yesterday we have seen it cleared the psychological  0.06 level and surge higher. As long as 0.065 holds as new support level now, we are short term bullish with upside to 0.07 then 0.074 first. Upward momentum seems like still strong so possible to ride the uptick in the short term. HUGE BUYERS GRABBED the 0.065 resistance just now.

Stop loss at 0.063

 

Phillip – 6 September 2013

Otto Marine Limited, a leading offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, is pleased to announce that the Group has signed a Memorandum of Understanding (“MOU”) for the newbuilding of 5 cement carriers. The 5 cement carriers have capacities in the range of 7,500 deadweight tonnes (“DWT”) to 15,000 DWT. Conversion works will be carried out in Otto Marine’s shipyard in Batam. Apart from the firm orders, there is also potential for the Group to secure contracts for the conversion of 2 additional bulk carriers into cement carriers, and a further order for a 3,500bhp Ocean Towing Tug from the same Indonesian customer. (Closing price: 0.048, +4.35%)