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Yahoo only give 3 mths data on SembMar while SJ gives about a yr. Can anyone copy a chart of about 5 years with say 100MA on SJ forum here. Could it be another SPC ? Your assistance will be much appreciated and beneficial to forummers here.
BULLBEAR,
pse refer to my posts of 3,22,23 Nov and 3 Dec in thread Sembmar - Collapsing Margins.
These are just my personnal FA views.
Medium-term outlook (2-6 months): The medium-term outlook for SCM is still bullish as it has been on an uptrend since mid-2004. However, if the critical $3.20 support fails, expect strong selling pressure. There are already early warning signs in the form of bearish divergences on its technical indicators. It may be wise for investors to start locking in profits on any rally towards the $3.50 level.
The medium-term outlook for SCM is still bullish as it has been on an uptrend since mid-2004. However, if the critical $3.20 support fails, expect strong selling pressure. There are already early warning signs in the form of bearish divergences on its technical indicators. It may be wise for investors to start locking in profits on any rally towards the $3.50 level.Good luck for those that vest.
Thanks,gho485. very challenging for this counter today..mixed signals among the big boys!!
Ha..a'way,thanks guys, I've already use my head to decide..vested ..
Spotlight on SembCorp Marine
Triple top forming
At a glance
Last Price (S$) 3.34
YTD (%) -1.8
Issued shares (m) 1,463.95
Market cap (S$ m) 4,889.60
52-wk range (S$) 2.65 - 3.58
3M avg volume (m) 3.02
2007 P/E (x)* 15.6
P/BV (x) 4.1
*CIMB-GK Estimates
Source: CIMB/CIMB-GK Research, Bloomberg
Description: SembCorp Marine (SCM) operates ship building, ship owning, ship repair
and conversion. Through its subsidiaries, the company equipment rental, cleaning and
maintenance services, marine, general electronic and electrical works. SCM also trades
copper slag, processes copper slag for grit blasting and building, as well as fabricates
metal structures.
and conversion. Through its subsidiaries, the company equipment rental, cleaning and
maintenance services, marine, general electronic and electrical works. SCM also trades
copper slag, processes copper slag for grit blasting and building, as well as fabricates
metal structures.
Immediate outlook: The bears are keeping the bulls at bay near the $3.50 resistance. It
seems like the stock may have formed a bearish triple top. Based on the technical
readings, we also see limited upside to the current price. It is best to sell on strength at or
near the strong $3.50 resistance. We expect the stock to pull back to its support at $3.15-
3.20 (200-day SMA) soon.
seems like the stock may have formed a bearish triple top. Based on the technical
readings, we also see limited upside to the current price. It is best to sell on strength at or
near the strong $3.50 resistance. We expect the stock to pull back to its support at $3.15-
3.20 (200-day SMA) soon.
near the strong $3.50 resistance. We expect the stock to pull back to its support at $3.15-
3.20 (200-day SMA) soon.
Medium-term outlook (2-6 months): The medium-term outlook for SCM is still bullish as
it has been on an uptrend since mid-2004. However, if the critical $3.20 support fails,
expect strong selling pressure. There are already early warning signs in the form of
bearish divergences on its technical indicators. It may be wise for investors to start locking
in profits on any rally towards the $3.50 level.
it has been on an uptrend since mid-2004. However, if the critical $3.20 support fails,
expect strong selling pressure. There are already early warning signs in the form of
bearish divergences on its technical indicators. It may be wise for investors to start locking
in profits on any rally towards the $3.50 level.
Anyone know of the big volumes transacted?..has been falling since yesterday..