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Monday, July 31, 2006

SembCorp Marine

Overwhelming requests for SembCorp Marine from the polls, so here it is, dedicated to all of you. Listed since 18 September 1987 on SGX Mainboard, SembCorp Marine Ltd provides marine engineering services such as ship repair, shipbuilding, ship conversion, rig building and offshore engineering. The Group has shipyards in Singapore, China, Indonesia and Brazil.
Refer to the price and rsi trendlines, SembMar is likely to consolidate at the 3.20 region before testing the all time high of 3.40 again, possibly setting another all-time high. RSI is showing gd strength, above the 50% mark, however upwards movement limited by the downward resistance rsi trendline. Look towards the last arrow on the right for estimated time period of a breakout.

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