View On SembCorp Marine (12 MAR 2020)
This company share price is in the free fall recently and it may continue to drop further as we do not see any bullish momentum/candle at the moment.
It can swing to 50c to 70c region soon since that region is considered as a strong support.
Let's see
DYODD, all the best and read the disclaimer too.
Feel Free to...
Many stocks were flagged out for investing opportunities today but the money is still not in from the SIA trade.
Past trades
Singapore airlines (Live trade)
Entered: 22/08/19 8.92
Exit: 13/09/19 9.19
Spotted but never managed to buy in
City Development (did not managed to enter)
Enter: 05/09/19 $9.42
Exit: 13/09/19 $9.70
Yangzijiang Shipbuilding
Enter:...
Near Term downtrend, a weaken bearish move.
Mid Term and Main trend is an uptrend.
While the mid term is building up strength, the near term hasn't given up hope just yet.
Ifbuyers continues pushing it's weight around closing it's price beyond 2.30. Look to buy during retracement.
The last mentioned price to buy was between 1.87 to 1.90.
Buyers around price between 1.90 and 1.87 both prices inclusive.
If you consider some purchase or you might have purchase at higher price that is alright.
Keep the shares and allowed price to rally and obtain a fair share of your lot.
Whenever you put up a trade, as long as don't trade with the money you need for daily necessity.
This lil SGX counter is in Bull flag formation.
It is doing it dirty deed to whip weak longs out.
I am seeing possible bottom near 1.40 to 1.48 area.
It shall go HIGHER thereafter. It is go to 2.3 to 2.40 region.
Please keep in mind that it is O&G counter. That means the upside of it is pretty depend on Oil Price too.
Trade Safe,
s0nic
