Sembcorp Marine: Breakdown below 1.30 indeed and a new low, more downside likely on this move... priice 1.255

From previous call, we have indeed seen a breakdown below the 1.30 support over the past few days with a new low at 1.24 today.

Downtrend looks intact below 1.30 now with it likely to test 1.20 eventually.

As long as 1.30 is a cap now and a new resistance, we can still see more weakness.

Cautious long.

Oil and gas stocks still don’t look strong, at least for now….

With more selling seen after some slight consolidation….

------------------------------------------------------

Recent Emails:

Sent: Monday, August 29, 2016 10:53 AM
Subject: ********** Sembcorp Marine: Still holding above 1.30 support.... when with it break? Price 1.305

Sent: Wednesday, August 10, 2016 9:30 AM
Subject: ************ Sembcorp Marine: Still supported above 1.30, at least for now.... weakness below 1.35 still.... price 1.31

Sent: Wednesday, August 03, 2016 9:42 AM
Subject: ******* Sembcorp Marine: Heading towards the 1.30 key support level, a potential break down, careful.... price 1.33

Sent: Tuesday, August 02, 2016 9:11 AM
Subject: ******* Sembcorp Marine: Breakdown of the 1.40 temp resistance even, more downside likely... price 1.375

Sent: Tuesday, July 26, 2016 9:26 AM
Subject: ******** Sembcorp Marine: Short term weakness below 1.50 as mentioned... price 1.445

Sent: Monday, July 25, 2016 10:29 AM
Subject: ********* Sembcorp Marine: Short term weakness below 1.50 as mentioned... price 1.455

Sent: Friday, July 22, 2016 9:46 AM
Subject: ********* Sembcorp Marine: A breakdown below 1.50 key support again, can see more weakness below now... price 1.49

Sembcorp Marine: Back to first target support on breakdown below 1.60 as mentioned.... now at 1.51

Can the 1.50 hold too?

Sent: Wednesday, February 24, 2016 9:31 AM
Subject: ************ Sembcorp Marine: Sell down back to key support level, weakness can return below 1.60, price 1.61

From previous call, we have indeed seen Sembcorp Marine traded to above our first target at some profit taking seen as market weakens again. It is now back to the support at 1.60 – 1.61 which is the original resistance it broke out above from last week. Any move below again below 1.60 can see the bears taking control again, where CFD SELL can be used to ride the retracement lower back to 1.50 then 1.40. Longer term trend still weak so good to be cautious for any long positions and take profit along the way while raising stop loss closely. If it maintains above 1.60, a rebound to 1.70 – 1.72 can be possible before it attempts a new move to find a new high at 1.80.

Sembcorp Marine: Breakout CAUGHT LIVE yesterday..... Now at 1.71 !

Has hit our first target at 1.70, heading towards 1.80 next as mentioned?

Sent: Wednesday, February 17, 2016 12:07 PM
Subject: *************** Sembcorp Marine: Breakout seen above 1.60, can see some momentum, price 1.635

Sembcorp Marine has broken above the key consolidation resistance at 1.60 today after the huge rebound seen yesterday. Those who managed to scale some long positions near 1.40 support yesterday can consider to take some profit on a further push upwards. Clearing above 1.60 can be a good short term reversal signal with resistance turned support at 1.60 now. Range to 1.70, 1.80 then 1.85. Can consider accumulating on dips above 1.60 with indications showing some sign of reversal. Let’s see if it can stay above 1.60 over the next few days. Raise stop loss to 1.58 for any long positions taken yesterday.

Sembcorp Marine: Has managed to rebound back to 1.60 and even a break above, more upside?

Now at 1.64, where can be our next target..... 1.85 maybe ?

Sent: Tuesday, 16 February, 2016 9:23 AM
Subject: **************** Sembcorp Marine: Consolidation in a downtrend, still weak below 1.50 for now... price 1.425

Sembcorp Marine has been consolidating above the 1.40 support for more than a week which seems to be holding well, but still unable to cross back above the 1.50 then 1.60 key resistance level for now. Selling pressure seen as soon as it heads towards the 1.50 psychological resistance with longer term moving averages still pointing lower. Any further breakdown below 1.40 again can pave the way to 1.30 which was the low seen last month. CFD Sell can be used to ride the downside back down on any temp rebound to near resistance amidst downtrend or a breakdown below 1.40 support. Those looking to trade the consolidation range can scale some long near 1.40 for a technical rebound like we have seen over the past 2 weeks, but strict stop loss at 1.385.

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…

Sembcorp Marine: A MOVE below 1.60 Further as per moring call.....

A new recent low again…. Heading towards 1.50? Not spared the sell down…..

Sent: Thursday, January 07, 2016 9:15 AM
Subject: *********** Sembcorp Marine: Breakdown below 1.65 support level. price 1.62, More weakness below 1.60 still....

From yesterday’s call, we have indeed seen a breakdown below the 1.65 support level. This can see it trade towards the 1.60 level with range lowered from 1.60 to 1.65 now. A further breakdown below 1.60 can see more selling pressure to a new recent low again as mentioned yesterday with longer term trend clearly still negative for now… Lower buy stop loss again to protect profits for those who had earlier shorted.

Sent: Wednesday, January 06, 2016 9:56 AM
Subject: ************ Sembcorp Marine: Heading back to temp 1.65 support, price 1.665 ..... i hope it holds.... if not......

Over the past 3 weeks SembCorp Marine has rebounded briefly from the 1.65 support level but bears took control again and there it is, retracing back down to this support…. We may see some support again from here with some buyers stacked there at the moment but note that any clearing with a close below would not be a good sign. We can expect a trade towards 1.60 then 1.50 with this.  Longer term moving averages all still pointing lower with no reversal in sign as of now, indicators also negative. Cautious long. CFD SELL to ride downside further can be possible too, lower buy stop loss.

Sembcorp Marine: Breakdown Spotted This Morning further !!!

Now at day low 1.765…. towards 1.60 as mentioned? Weakness indeed seen since SELL call in August, no stopping it….

Sent: Thursday, December 10, 2015 9:11 AM
Subject: ************* Sembcorp Marine: New low below 1.80, CFD SELL, trend still negative... price 1.785

Following up from previous sell call in August, we have indeed seen it break the 2.00 psychological level last month followed by it breaking the temp 1.80 support today on strong volume to find a new recent low again. Trend still looks weak with all moving averages pointing lower and no sign of reversal as of yet. Stochastic and RSI both looks oversold but selling pressure can still continue with oil prices hitting new lows. MACD CLEARLY negative with more downside to go. As long as 1.80 is a resistance now, we can expect a trade lower towards 1.60 then 1.50 eventually. CFD SELL as always to ride the downside and lower your buy stop loss along the way….

Sent: Thursday, August 20, 2015 9:38 AM
Subject: ******* Sembcorp Marine: New low below 2.40, more downside beneath still.... cautious

As mentioned in previous sell call, Sembcorp Marine has traded lower and hit out target at 2.40. Today we have seen it crossed below this 2.40 support level further to a new recent low on strong selling volume. Note that staying below now can see it head to 2.00 eventually with all 3 moving averages pointing downwards still and technical indicators all showing no sign of recovery. Has been hit along with the rest of the oil and gas counters with oil prices still under pressure. CFD SELL positions can be used to ride the downside further as long as 2.40 – 2.50 remains as the immediate resistance for now.

Sembcorp Marine: hit our downside target as predicted 2 weeks back, more weakness?

Low seen today at 2.36, let’s watch!!! Were you notified?

Sent: Monday, August 03, 2015 12:09 PM
Subject: ******* Sembcorp Marine: Breaking below the 2.75 support level last week, careful long positions...

Sembcorp Marine has broke below the 2.75 – 2.76 critical support level last week on above average volume. A Descending triangle has been spotted and a breakdown below not a good sign. May start to find some temp support around the 2.58 level first with range capped at 2.65 for now. As long as 2.70 – 2.75 is a resistance, more downside in the mid to long term likely with target at 2.40 then 2.00 possible. CFD SELL can be used to ride any temp technical rebound below these resistance levels. All 3 moving averages pointing lower with no end to downside in sigh and with oil price retracing lower. Cautious long positions.

********* Downside on breakdown: Semb Mar. Share price 4.07. ( Needs to stay above 4.00 now or can head lower) - REPOST , NOW 3.94

REPOST – NOW AT 3.94, still a sell on weak market……

 

Sent: Wednesday, January 29, 2014 2:50 PM
Subject: ********* Downside on breakdown: Semb Mar. Share price 4.07. ( Needs to stay above 4.00 now or can head lower)

 

Semb Mar has been trading above the 4.10 CRITICAL support level which has held for more than 2 years since January 2012. For the past few days we have seen it test this support again on market weakness and seems like it is not holding as well as it should be like the rest of the time over the 2 years. Today’s low at 4.07 currently and yesterday low at 4.06 would probably set a temp support before 4.00 psychological support level. A break below 4.00 would be a confirmation and target can be to 3.65 – 3.70 range. Aggressive traders can consider short positions to ride the downside if it does not climb back up above 4.10. Those looking to accumulate again for long can enter below the 3.75 level if it does dip.

Stop loss 4.13 for CFD Short positions

 

********* New up phase for Semb Marine ? Share price 4.62. (Finally broke above the 4.60 after 8 months)

Semb Marine has been consolidating from the 4.10 to 4.60 level for about 8 months, finally today we have seen it test the CRITICAL 4.60 Resistance level and stage a breakout. More confirmation needed for it to stay above this new 4.60 support level in the coming days. High in Jan this year was about 4.85 so likely to head to 4.75 to 5.00 level if 4.60 manage to hold. Trading range might be from 4.60 to 5.00 on more market strength and contract wins. Most analyst are bullish on this counter as seen below.

Stop loss at 4.56 for short term trades

 

 

CIMB – 23 September 2013

 

DMG – 13 September 2013

 

******* Accumulate on Dips for rebound: Semb Marine. Share price 4.16.

Semb Marine has been supported above the 4.10 level since Jan 2012. This support is likely to hold. Possible to accumulate on Dips near the 4.10 support level for a potential rebound. As long as 4.10 is a support, a rise towards 4.30 and 4.40 seems likely. A break below 4.10 can lead it to test critical 4.00 fast.  We would cut all long positions and take up short positions on the breakdown of 4.00 psychological support with a near term target of 3.65.

 

****** Potential downside likely: Semb Marine. Share price 4.38. (Reversal back down) - (CFD SELL TRADE)

Following up from previous SELL call made last Tuesday, 30^th July 2013. Semb Marine has broken the immediate support at 4.45 and closed lower last Friday at 4.43.Today we have seen it test the 4.40 and dipped below this psychological level. At current levels, you can see that it has clearly broken below the 20 DAY MA (Green line) which it has stayed above for more than a month. Downside possible to around the 4.20 level if the 4.45 remains as new resistance level. Traders who would like to accumulate on dips can consider buying near support from 4.20 level or below if it does dip to that level as mentioned in previous call.

 

******* Possible reversal back down: Semb Marine. Share price 4.51. (CFD SHORT (SELL) TRADE)

Sembcorp Marine has hovered above 4.45 level for slightly more than 2 weeks and neared the 4.60 resistance level again. Immediate resistance level is at 4.60 level and we can see a double top formation that stretch back to Feb 2013. As long as this 4.60 remains as a critical resistance, we are bearish we a downside back to 4.20 level if the 4.45 support breaks down. Coincidently, the 4.45 support also is where the 20 DAY MA line is currently. A break of the 20 MA line can also signal short term downside. Traders who would like to accumulate on dips can consider buying near support from 4.20 level if it does dip to that level.

 

SEMB MAR CHART - Broke the 5.00 critical support yesterday on weak market sentiment. Currently at 4.89.

Must stay above this 5.00 level or more downside possible. Note that this 5.00 support was broken in Aug last year which saw this counter hit a low of 3.05 in Oct.  Might find a new support at 4.50.

SEMB MAR CHART - Broke 5.40 level.... target to 5.50 critically... now at 5.41... Momemtum still strong...

Possible to test 6.00 on the break of 5.50.... put a stop at 5.36

SEMB MAR CHART - Broke the 4.50 resistance level..... now at 4.55.... possible to head to 5.00 on market strength....

put a stop at 4.46...

SEMB MAR CHART - CLEARED the 4.50 level...... now at 4.52... likely to push higher on this break of key resistance....... target to 5.00 short term on any market strength....

Put a stop at 4.46….

SEMB MAR CHART - Held above the 3.70 level for more than a month..... currently has broken this support, now at 3.67... next support at 3.60.... can head lower if 3.60 does not hold too

SEMB MAR CHART - Immedidate support at 3.74.... Can consider accumulating at lower end near support to catch any any rebound from oversold positions....

Put a stop at 3.68...

SEMB MARINE CHART - Broke above the 4.25 resistance level..... more upside in short term in spike in Oil prices.... target to 4.50 first then 4.80...

put stop at 4.18.