Post Reply
2341-2360 of 3003
lowchia ( Date: 22-Sep-2010 22:39) Posted:
|
On Wednesday, SembMar re-test the resistance at $4.05 and closed at $3.99 with HIGH volume of 4.14 million shares traded.
A LONG black candle sticks with long upper/lower shadow indicates that this stock is volatile and directionless as it failed to break the major resistance at $4.05
Both RSI & MACD are turning bearish as RSI perform a sharp tick down today.
Important Resistance of SembMar: $4
Immediate Support of SembMar: $3.80
Currently prices are supported by the 20/50/100/200 days MA at $3.87
We expect SembMar support at $3.87 to be very strong with reasons as shown below:
1) 200 days MA which supports the prices since Feb 2010 is near that level.
2) All 20/50/100/200 cluster together at that area
3) The rising trend support also near that level.
As of now, SembMar’s rally has weakened and pullback may happen anytime.
SEE ANALYSIS FOR MIDAS
Thus we would suggest investors who are interested to wait for $3.87 support and watch if it can be supported before entry.
SINGAPORE : Sembcorp Marine said its subsidiary, Jurong Shipyard has reached an agreement on a commercial basis with Societe Generale (SocGen) for a full and amicable settlement of disputed foreign exchange transactions.
In a statement, Sembcorp Marine said SocGen would pay Jurong Shipyard US$40 million. This is on the basis that there is no admission of liability by either party.
The settlement will result in a write-back of US$40 million.
It will be taken up in Sembcorp Marine's third quarter income statement this year.
SembCorp Marine said this is the last settlement with all of the banks involved in the disputed foreign exchange transactions.
It added that amicable settlements have been reached with all involved.
Last year, Sembcorp had filed a lawsuit against SocGen to recover about US$200 million, which was related to unauthorised foreign exchange transactions.
Sembcorp Marine claimed that its then finance director Wee Sing Guan has entered into various unauthorised foreign exchange transactions for the account of Jurong Shipyard. This led to losses of as much as US $303 million. - CNA /ls
krisluke ( Date: 22-Sep-2010 17:49) Posted:
|
OPEC meeting 2010,
| 14 October, 2010 | 157th (Ordinary) OPEC Meeting | Vienna, Austria |
---SMM---
100%: 451
78.6%: 423
61.8%: 401/2
50%: 386/7
23.6%: 350
uptrend band = 420
consolidation phase = 61.8% F.R
EP = 379/8
CCI resistance:126
CCI break through: 161
0%: 322
krisluke ( Date: 19-Sep-2010 20:47) Posted:
|
oil weaken sentiment further retrace price to 7359
Immediate resistance = 7300
Support at 6800
Seems too bearish for rig related company.
New123 ( Date: 11-Sep-2010 12:20) Posted:
|
New123 ( Date: 15-Sep-2010 00:14) Posted:
|
candle ( Date: 16-Sep-2010 09:41) Posted:
|
krisluke ( Date: 15-Sep-2010 22:06) Posted:
|
Oil looks bearish to settle below 7560
7500 and below = bearish move.
SMM, TA view;
Price falls below 394 will trigger bearish move.
380 bearish
404 bullish
*wondering how 3rd quater earning would be fared.......
Oil move higher on midwest supply disrupted.
S$110m repair work - small contract but 'no fish got prawn also good'.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_26F222741F1B5F4C4825779D002F73C9/$file/SCMPressRelease13Sep2010.pdf?openelement
I think is good to buy when it comes down to $3.70 - $3.75.
Get Paid To Read Emails. Free To Join Now!
http://www.emailcashpro.com/?r=ap1016
krisluke ( Date: 11-Sep-2010 03:43) Posted:
|