SembKim   

All Time High With High Volume

Yes, my patience paid off ! I  bought at 67 cents and after ex-dividend, the price went down to as low as 57 cents (i think). IreneL, you are right that this is a stock with good fundamentals. Few days ago, this stock and also Hong Leong Finance were recommended during the morning  Radio (93.8) stock segment.

 

12th highest vol today, 66c done.

 

The last 2 periods with vol above 15000+k were 18-21 Auguat 2006 and 22 Nov 2006.

 

Done at 65.5c and total vol is 16000+k

 

Look at the last 2 mini peaks :

02/10/06 -- CP=66.5c, OBV=170373k & RSI = 56.7

23/11/06 -- CP=64c, OBV=182322k, RSI=59.91.

These 2 mini-peaks indicate accumulation.

 

If Sembkim breaks the resistances of 64c, 66.5c and 68.5c, it will shoot to about 80c.

 

Too bad, queue, but did not get it. Queue too long... Will have to try tomorrow....

 

Good luck to you chew8888.  Sembkim is a good stock but patience is needed.

 

Thanks IreneL. It was only month back at $0.555 or $0.56. (I think it is the lowest recently), and immediately rebound to $0.68. Indeed I just queued to buy $0.615. Seem that it is now between $0.615 and $0.62. The transactions slow down that no one want to sell $0.615. The queues are still very long....

 

Hi chew8888

I've bought and sold SembKim twice.  I notice that it usually becomes active, price-wise, from August onwards.  The company also appear to be winning contracts around this time-frame.  I noted the trend because I remember asking my broker to buy and sell when I was in Brisbane last August. 

And like you, I've been monitoring the counter for a price dip to perhaps around 55 but it hasnt shown any letup yet.  I believe it has good fundamentals.

 

SembKim is on the 5th wave to reach at least 80cts. Looks like it is on 3rd wavelet of the 5th wave.

 

Resistance seems to be around $0.68. Very little gain now unless trade with large volume. Watched and watched then at $0.56. Really miss the boat then..

 

thanks singgal 4  the reminder again.

This counter thou just dip yest, however, i still believ it is poised for a move soon. most likely is upward movement..

 

heng ah, my blunder almost cost me something.. thanks sinngal. i overlook that small but impt charting rules..

 

the safer way is to buy if it breaks abv 0.64 with volume or 0.65.

 

oh yes. thanks i over look on this.

thanks singgal.. 

 

Hi all,

Trend for this one is a little hard to tell. Its generally on a long term downtrend, but for the immediate future it could be headed up a little before falling again.

A little risky, I think.

 

but i think it looks poised for movement upwards tomolo.

 

muryang,

i may be wrong but i dun think this is a cup and handle..

 

It may go higher, but let Singaporegal confirm  this first.

By the way, I only see cow's nipples, but no "cup and handle" in the formation.   :)