Once an O&G giant at $6.00, it's quite heartbreaking to see the company become a penny at 0.150.
This drop is most likely due to the proposed rights issue to improve its gearing to explore the merger with Kepple O&M. Regardless of its overall future outlook, the Rights Issue is never pretty for existing holders. Sembcorp Marine just very recently executed an...
TICKER CODE: S51
Company Name: SEMBCORP MARINE
Industry: Singapore Stocks Producer Manufacturing Trucks/Construction/Farm Machinery
Position Proposed: BUY
Entry: NOW READY (0.175-0.190)
1st Partial Take Profit: 0. 465(August-October 2021)
2nd Partial Take Profit: 0.655(Early-Mid 2022)
Note that timeline buffered, I would expect Full Take Profit by Early...
EVEN AFTER TODAY'S 16% ONE DAY RALLY, EXPECT STRONG LEVITATION TO CLOSE GAP @$0.33 TO TRIGGER THE MEGA SQUEEZE ON SHORT SELLERS SOON!
ALCOHOL WILL ONLY BE SERVED AFTER $0.33!
Sign of Strength in the chart:
1. Stopping Volume and Bag Holding
2. Strong accumulation with 4 NS signal
3. Lots of effort bars
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
HIGH VOLUME BREAK OF 21 MONTH MA & THE BULLISH LONG TERM MONTHLY MACD CROSSOVER HAVE CONFIRMED THE PHOENIX SPECTACULAR RISE FROM THE ASHES!
SIMILAR TO SIA, EXPECT A MINIMUM 480% RALLY TO FEB 2020,THE PRE COVID BREAKDOWN LEVEL OF $1.08!
TOGETHER WITH OIL PRICES WHICH RECOVERED FROM 7 SUCCESSFUL DEFENCE OF ITS 50 DAY MA
& TO BREAK THE BULLISH PENNANT TO TARGET $90!
Good correlation with XOP
XOP already broke above Aug 2020 High and on track to break June 2020 High!
Sembcorp Marine crashed 98% from $6
Meteoric Phoenix to rise from the ashes with bullish crossover confirmations
on 8, 21 and 50 Day MA and to follow XOP soon for new highs...
View On SembCorp Marine (25 Nov 2020)
This counter had a great rally recently and it has touch near-term resistant such as 0.15.
There may be some pullback along the way but I expect, it shall go higher eventually.
$0.2 shall be an another strong resistant.
Let's see
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" ...
View On SembCorp Marine (11 Nov 2020)
SemCorp Marine has turned into a Submarine in the recent months and is it about to change?
We are seeing some bullish momentum gathers right now and 0.124 will be the immediate support.
0.15 will be the next resistant.
Let's see
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" ...
View On SembCorp Marine (28 Sept 2020)
We are in the extreme downtrend for the past years and so far, there is no end in sight.
We are seeing very significant transaction aka volume in the recent weeks. Something must be brewing.
Watch out $0.20, if the price ever go back up. then bull may have some chance.
Let's see
DYODD, all the best and read the...
View On SembCorp Marine (25 MAR 2020)
This counter is in free fall recently as it can be pretty related to Oil production.
Currently, the price has hit the upper band of multi-year support region from $0.45- to $0.69 and making a decent bounce.
It may fall back to the region again once this hope rally frizzle out.
Summary: Too late to short, and go Long...
![S51: [Analysis] Sembcorp Marine](https://s3.tradingview.com/i/iLQ26vVY_mid.png "[Analysis] Sembcorp Marine")
