
This stock like any blue chip have many instrument at play. ES, Acc ..... etc.
It help to stabilize the price on a day to day basis.  And this may distort the chart in short term range.
 
Vested 436.
  [Trading Central] Sembcorp Marine: watch 4.18.
12 Nov 2012 09:50
Update on supports and resistances.
Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline) |
Limited Decline |
---|---|
Change In Short Term View | None |
Medium Term View (Bullish, Range, Bearish) |
Range |
Change In Medium Term View | None |
Pivot: 4.65
Our preference: Short positions below 4.65 with targets @ 4.18 & 4.02 in extension.
Alternative scenario: Above 4.65 look for further upside with 4.77 & 5 as targets.
Comment: the RSI has broken down its 30 level.
Key levels
5
4.77
4.65
4.36 last
4.18
4.02
3.77
Copyright 1999 - 2012 TRADING CENTRAL

Click to view chart in actual size.
Will be less than $4 soon??? Buy at that price better
YES !! Hopefully soon....
wangwa ( Date: 10-Nov-2012 22:05) Posted:
|
Did temesak buy back?
The encouragement call is temasek buy back those they had sold...
It was in The article in straits times today. Say poised for rebounce. Wonder why it focus on that. Lousiest result from top STi stock this quarter
tried to get @ 4.3 didn't managed to get any..
  will continue trying
sembmar earnings visibiliy is for investors to see..
$12.1 bn order book.. i saw the Edge article on Sembmar... unprecedented order book!
it's definitely a buy on dip for me.. accumulate on weakness..
gd luck dyodd
Cache assets
Written by The Edge |
Thursday, 08 November 2012 09:15 |
![]() Also inside Issue 549 (November 12-18)
Investing Ideas:
Insider Moves:
Subscribe to The Edge here. |
Hey > ..

 
Europe stock index futures signal early rebound

European flags in front of the European parliament in Strasbourg, France
  At 0701 GMT, futures for Euro STOXX 50, for Germany's DAX and for France's CAC were up 0.04-0.26 percent.
krisluke ( Date: 08-Nov-2012 17:18) Posted:
|
Kepcorp, SMM and likely stx osv....will still have more to fall.......ezion too if oil price continue to fall....
The offshores were mostly down yesterday. Kepcorp continues its downward slide as it has yet to find a suitable support level. The likely support level that Kepcorp will be seeking is between 10.25 – 10.29 levels. Its lower shadow formation indicates some reluctance in falling lower.
Sembmar seems to be consolidating well at the support of 4.35 level. It shows 3 consecutive days of white candle and it means that Sembmar can start a rebound soon.
Sembcorp was the only one that closes slightly positive yesterday. It tested its support at 4.96 and is now rebound for a rebound as it formed a bullish counterattack pattern. Its upside could be capped by 5.09 or 5.19 resistance levels.
Overall, the offshores are nearing their support levels and chances of rebound should get higher.
More downside. Staying by the sidelines to watch before taking a chance to long.
Doesn't look like typical island reversal.
4.20 may be next.
national oil rig builder always eye most sensitive economy news from either europe / usa.

It seem to me the support level of sembcorp was once the support level for sembmar.
ie $4.96 , $5.03
The offshores tried to recover back its losses yesterday but was only able to recover slightly.
Sembcorp was the only one that continues to drop lower yesterday.
Although it ended lower, its candle’s lower shadow showed that the support at 4.94 level is holding firmly which prevented it from closing much lower. Sembcorp might continue to test this support today.
Sembmar was reacting the reverse way as it managed to recover by 3cts. Its support at 4.34 level is holding well and that could be the reason why it did not drop lower yesterday. If Sembmar is able to rebound further today, it will likely to head towards 4.51 level.
Kepcorp also halted its decline and attempted to head towards 10.60 resistance level. However, it might continue to test its support at 10.42 before rebounding.
Overall, the offshores might have slowed down its selling pressure it might continue to test their support levels before a proper rebound can happen.
Think oil and gas such as KepCorp and SembMarine are at downside pressure now, especially SembMarine since it result are so poor....
Stxosv and ezion are still doing well, but should follow soon.....