Sembcorp Marine - Downtrend Since Feb 2018

Sembcorp Marine keep sinking lower and lower by the months due to its POOR EARNINGS.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Sembcorp Marine - Downtrend Very Obvious

Downtrend too obvious, everytime it gain strength, look for bearish bar and short.

Sembcorp Marine - Price Spike Despite Poor Fundamental

Sembcorp Marine fundamental is quite poor as it had been losing money for many years.  Smart monies take the recent Keppel Corp good news to pump up its share prices.  How long will smart monies support the price, we retail investor won't know, best to avoid.

Sembcorp Marine - Temporary Trend Up

The recent continuous good news made Sembcorp Marine stock price to trend up.

Looking at the chart, it still have yet to break its down trend.

So, trade with care.

Sembcorp Marine - Difficult To Trade

What kind of stocks you should not trade?

I tried to avoid stocks that are in a long-term downtrends as I am not fast enough to get out.

Sembcorp Marine had been on a downtrend since Feb 2018, if you are a fast trader, you can go for it.

Sembcorp Marine - Pure Speculative Stocks

Sembcorp Marine is a loss making companies but its stocks still goes up and down due to its close relation to oil prices.  If you play with this stock, make sure you sell into strength and buy only when smart monies are buying.

Sembcorp Marine Bearish Outside Bar

Sembcorp Marine close with a bearish Outside bar formation.  It is a sign of exhaustion after the recent rally.