Sembmarine is breaking down after some mini top and and fake breakout the past few days. As highlighted earlier that this counter is really weak, as of now, still, the sellers were controlling the shares instead of buyers whacking up.
http://stockmarketmindgames.blogspot.com/2018/11/sembcorp-marine-3-signs-of-bearishness.html
I am sticking to my game plan of shorting this counter than to hold it. There are no signs of bullishness now and the market seemed to show it as of now. The Top Volume stocks are declining and the time to long Sembmarine is not here yet. Looking for a turning point at a later stage.
Ronald K - Market Psychologist - A Stock Market Opportunist
