

SEMB MAR CHART - Range is from 5.18 to 5.40, support at 5.18 seems to be holding quite well currently..... Investors can accumulate around the lower end of this range for any rebound when market strengthens..

u see the chart.. this ship has been closing either above or at 5.21
krisluke ( Date: 17-Jun-2011 17:21) Posted:
|
Yup. the last company buy in was done on 20 april 2011 by sembcorp industries CEO...
till now, no updates on any share buy in by the company
So ? ?? who is supporting the PRICE?
 
rotijai ( Date: 17-Jun-2011 17:14) Posted:
|
master krisluke..
somehow they have been supporting this ship at 5.21
krisluke ( Date: 17-Jun-2011 17:12) Posted:
|
Day low $5.13
1700 hrs $5.17
1705hrs $5.21
Sudden 4 cents gap up 7xxK shares bot in ...
Contract news on the way ? ???
By the way, Sgd. 5.00 is imminent!
limkt009 ( Date: 16-Jun-2011 21:15) Posted:
|
Hope it will hit closest possible to 200dMA before bouncing off.
Good stock to pick up below $5.
SembMar could be one of the first to recover when this sell down is over.
 
Surprise, surprise, very surprise if it goes below  5.00 
The company buy back is probably supporting the price. Would not be surprised if it goes below $ 5.00.
Base on the out dated chart analysis. Sembmar is in consolidation phase of the elliott wave....
Support turn resistance at $5.25
Stronger resistance at $5.30
Do watch the 200DMA for hints and clue ( let hope it will not violated )
$5.01/0 seems like a lifeline for sembmar (due to extreme quiet contract news ...)
TGT 4.86/5 (bottom catch price)

Date: 19th May 11
i never read sembcorp ind chart..
but the company has been buying back shares since may..
Gaecia ( Date: 16-Jun-2011 12:24) Posted:
|
What about sembcorp industries then? Anyone knows whether support is seen  at 4.68 or higher?
so it could be either accumulative or distributing.. :)
Gaecia ( Date: 16-Jun-2011 12:17) Posted:
|
I am still wait and see.
Gaecia ( Date: 16-Jun-2011 12:17) Posted:
|
Yup investors aren't panic selling so far, on  days with dow  jones taking heavy losses sembmarine doesn't gap down  much  at opening. At the most 3-4 cents, it used to be with bad news overnight it gaps down 7-8 cents no less.  Notice that  volume is also rather light.
rotijai ( Date: 16-Jun-2011 12:12) Posted:
|
this boat is holding.. rather strong these few days
Hope so...everything is crashing nowadays.
Hulumas ( Date: 16-Jun-2011 10:32) Posted:
|