Wednesday, March 14, 2018

SembMarine - Collection Points

Saw some fine collection points in Sembmarine yesterday when the stock was super quiet and wasn't in the Top volume. At 1.30-1.35pm, the collection started to get strong and hence I decided that the stock was ready to have a mini run. I then sent a Whatsapp out to all SOMM and SembMarine closed strong at 2.11 yesterday. From the time it collected to the time it broke out, it was simply just buyers overpowering sellers and the eating and buying action was pretty slow and steady. I am glad many of them took actions and some might have already locked in profits but well the stock just broke the 2.10 level with speed and volume. I think it might break the wall soon or later as it still looks strong.

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