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looks like there is a cup & handle forming soon breaking out at $0.65
Rose on rekindled rumours of a privatisation and contract talks.
For sharing purpose only. Not vested.
Hi, my advise is sell it away if it does not give you any returns for 6months or more. yr minimum returns must be at least 2-3% per annum to make it worthwhile.
Hi, jimitan,
SembKim is currently consolidating within a triangular flag formation. The base of the flag is $0.63. As long as that based is not broken, it is not bearish. Once that level is breached then a potential downtrend may set in.
On the other hand, if it is able to break out of that triangular formation above $0.655 with good volume, then there is potential for it to move up to $0.74.
At this point, my suggestion is do nothing. Hope this helps.
bought this counter at 0.655 and ever since on downward trend. Can anyone advise the direction of this counter.
Hi alltanhc, thank you for enlighting me.
Hi, Jassie,
Someone, usually a major shareholder, offers to buy up all the shares he does not own with the intention of delisting it from the stock exchange. It usually happens when the major shareholder thinks that the share price does not reflect the true value of the company or as part of a restructuring exercise.
For a listed company to be taken private, the offerer must have acquired at least 90% of the issued shares.
Hi, can someone please explain what does "company may be taken private" mean ?
Agree that the counter is bullish now having just broken out of its downtrend resistance line at $0.645. MACD showed a golden crossed over on 28 Sep. Technically, it is time to buy. Should head towards $0.70 with little resistance.
For reference only, please.
SembKim is on the 5th wave to reach at least 80cts in 2 to 3 months time.
Akan Datang
There are vague rumours that the company may be taken private.
Rotary Eng. looks like it is on the 5th wave.
agree. Because we retail investors have limited investment funds, we need to maximise them by choosing the stocks that have the highest probability for profits.
Sold my holding @ 0.68 and switch to Rotary Enrg. That doesn't mean that SembKimT is not a good coy. It is just that I like the 'story' at Rotary better (as of now) and try to maximize the use of capital. I think that's what tradings is all about - move when you've to! Cheers!!!!!
Heard some news coming after dividend....
This stock hard to tell TA because its usually a very low volume stock. However, I believe you're rite that the big boys move in because the volume is really unusally high.
Calling TA experts, is this the 3rd wave of uptrend for Sembkim as the volume is the 5th largest volume (>15000 lots) and looks like the big boys have move in ?
Rose after it announced strong results and talks of it on a corporate road-show.
SembKimT is doing very well in the Marine & Mining logistics services in the Indonesia Boming Coal Mining industry. Recently had tied up with M'sia Lion Company which will further enhance its earning in future growth.
Good for long term growth. But short term...sell into strength. Just my view only. I've vested interest and Q'ing to sell.