Sunday, 10 September 2017
Sembcorp Marine: 10 September 2017, Sunday, 11.59pm Singapore Time
10 September 2017, Sunday, 11.59pm Singapore Time
(Click on Technical Chart above to Expand)
Attached is the technicals for Sembcorp Marine. Sembcorp Marine is a leading global marine and offshore engineering group that is highly correlated to the oil rig and crude oil market. The red circled region is my fore-warnings in 2014 severely warning that crude oil will crash. The green circled region is my fore-warnings in 1H-2016 warning that 1H-2016 will see the true rock bottom of crude oil. The black rectangular region illustrates where huge selling absorption by smart monies occurred and the purple illustrations tell you where the confirmation of selling absorption was achieved. The yellow bullish wedge is currently guiding the healthy low volume retracement which is backtesting the blue long term resistance-turned-support bullishly for resumption of new long term uptrend. The entire series of volume flow means there are more upsides in crude oil and crude oil related stocks and commodities. Bullish. Scoop up as much Sembcorp Marine as possible. Buy big.
A rising tide in worldwide stock and equity markets will continue in 2017 and 2018.