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Sembcorp Marine ST: bullish bias above 4.3.
Update on supports and resistances.
Pivot: 4.3
Our preference: Long positions above 4.3 with targets @ 4.75 & 4.95 in extension.
Alternative scenario: Below 4.3 look for further downside with 4.1 & 3.65 as targets.
Comment: the next resistances are at 4.75 and then at 4.95.
Key levels
5.2
4.95
4.75
4.55 last
4.3
4.1
3.65
Copyright 1999 - 2012 TRADING CENTRAL
Most of the offshores were able to trade higher yesterday despite bearishness on the previous day.
Sembcorp was able to recover its losses and test its 50ma resistance at 5.20 level again. It will likely to continue to attempt to break this strong resistance in order for it to continue its uptrend formation.
Sembmar had successfully trade slightly above its 50ma line but it is still facing a barrier from 4.60 resistance level. Similar to Sembcorp, Sembmar must surpass this resistance level in order for it to continue its uptrend formation.
Kepcorp was seen struggling at 11.00 resistance level yesterday as the market still refuses to break this strong resistance level. Its 50 & 200ma support line is still holding Kepcorp well. Kepcorp will likely to continue to trade in this tight range between 10.80 – 11.00 levels.
Overall, the offshores are facing resistance and they might continue to test this resistance today.
Semb Mar crawling slowly.....
4.63
Whatever, white house and congress is starting to quarrel.
I think I go first. I do expect them to avoid the cliff.
Good Luck !!!
krisluke ( Date: 19-Dec-2012 22:49) Posted:
The offshores were trading flat despite bullish opening.
Kepcorp continues to stay above its support level of 10.80 and it will likely to consolidate over at this level before a clear breakout of resistance can happen.
Sembmar faces strong resistance from its 50ma like at 4.60 level and ended with a bearish shooting star pattern. If Sembmar fails to sustain at current level and close lower than 4.55 today, it will likely to retrace towards its 20ma line at 4.46 level.
Sembcorp suffered strong selling pressure yesterday after testing its 50ma resistance line at 5.20 level. With such bearishness, Sembcorp might head back to its 20ma line at 5.05 level before attempting to break this resistance level.
Overall, the offshores were facing resistance currently and will likely to consolidate before any breakout can occur. |
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The offshores were trading flat despite bullish opening.
Kepcorp continues to stay above its support level of 10.80 and it will likely to consolidate over at this level before a clear breakout of resistance can happen.
Sembmar faces strong resistance from its 50ma like at 4.60 level and ended with a bearish shooting star pattern. If Sembmar fails to sustain at current level and close lower than 4.55 today, it will likely to retrace towards its 20ma line at 4.46 level.
Sembcorp suffered strong selling pressure yesterday after testing its 50ma resistance line at 5.20 level. With such bearishness, Sembcorp might head back to its 20ma line at 5.05 level before attempting to break this resistance level.
Overall, the offshores were facing resistance currently and will likely to consolidate before any breakout can occur.
SOLD ...... 4.61
Merry Christmas and a Happy New Year !!!
sorry post wrong...i mean 4.65 take profit
many warrants less then 6.5 i think diff leh.
the best i see is 5.59 (june)
rotiprata ( Date: 19-Dec-2012 11:57) Posted:
| target 6.5....take profit |
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target 6.5....take profit
still eyeing this burger.....
Juzz dun know to hold or sell...
Juzztrade ( Date: 17-Nov-2012 11:02) Posted:
I bought 150 lot @1.55 and sold all when it hit $5.30. Now waiting the selling to stop and buy again, when I Chart trigger
a buy signal. Good luck to all investor.
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once it cross 4.63, it will flying high...
me waiting for correction b4 enter otherwise a time bomb behind me i find very pressurize
me rather no profit then loss
cheerstan2002 ( Date: 11-Dec-2012 20:23) Posted:
Doji signal today. Good signal since it is at the bottom of the trend signalling that short selling or profit taking probably ending ...
If tmr gap up, it is goging to be powerful...
Cheers to all who have vested ...
SMM has good fundamental and good order book ...
Good time to accumulate and see the chiong UP!
rutheone1905 ( Date: 11-Dec-2012 13:22) Posted:
i eyeing sembM too.
i luv such dip which fundamental still intact, just like singtel recent dip i dive in now waiting Q to sell prior to Exdate.... |
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latest from Kim Eng
Sembcorp Marine
Acquires site for new yard facility
Entering into Phase II of new yard facility.
acquired a 34.5-ha site at Tuas View South Extension for Phase II
development of its Integrated New Yard Facility. The site would be
leased from Jurong Town Corporation and will be for a period of 30 plus
30 years. Development is expected to be done in stages and over a
period of four to 5 years. Details of the capex plans would be
announced later. We believe that it would likely fund this with debt and
internal funds. Balance sheet and operating cashflow for the company
has always been strong and it was in a net cash position of SGD933m
as at 9M12.
Sembcorp Marine has
The proposed new yard development.
announced on 4 Nov 2009 to develop a 206-ha New Yard Facility, over
a period of 16 years and in 3 phases. Phase I comprised of 73.3 ha of
land and is expected to be fully completed by 2014. Two of the four drydocks
for phase I however would be operational from mid-2013. The
initial capex for Phase I was estimated at about SGD750m but we
understand that this is now higher at about SGD900m.
Recall that the company
More ship repair capacity.
completed, it has the potential to double its volume of ship repair and
conversion jobs from current levels of about SSG650m p.a to SGD1.1-
1.2b p.a in 2014. As ship repair and conversion jobs typically yield
higher margins, we believe that it would mitigate the potential lower
margins from Petrobras-related jobs. Maintain BUY and target price of
SGD5.60.
When the Phase I docks are fully
anybody buy in at 4.13 recently?
Good .. although samll gap up this morning .. it just mean it will not be falling ... Doji and gap up is good signal... means buying strength still there ... I guess ppl are waiting for SMM to settle last week freak accident
O& G, and shipping counters are moving .. so with good tract record, SMM will move too ...
Will retest last resistance of 4.6 soon, with enough enthusiam, goo dchance to breal thru and then 4.6 will be the support ...
Merry Christmas present to all...
This morning also good show by Noble .... and STX Pan Ocean ... Just miss the ship ,,,, no gut to buy in at 3.6 ... gap up today now about 4.1 ....
Doji signal today. Good signal since it is at the bottom of the trend signalling that short selling or profit taking probably ending ...
If tmr gap up, it is goging to be powerful...
Cheers to all who have vested ...
SMM has good fundamental and good order book ...
Good time to accumulate and see the chiong UP!
rutheone1905 ( Date: 11-Dec-2012 13:22) Posted:
i eyeing sembM too.
i luv such dip which fundamental still intact, just like singtel recent dip i dive in now waiting Q to sell prior to Exdate.... |
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i eyeing sembM too
.
i luv such dip which fundamental still intact, just like singtel recent dip i dive in now waiting Q to sell prior to Exdate....
yess
hi you still holding on ?
ozone2002 ( Date: 07-Dec-2012 11:09) Posted:
now 4.54 fly..
buy sembmar on dip .. coz of its sound fundamentals.
gd luck dyodd
ozone2002 ( Date: 04-Dec-2012 10:19) Posted:
bad on semb mar
will impact their delivery schedule because of this incident.
on the fundamental front, any big dip because of this news is an opportunity to buy
good luck dyodd |
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