Semb Marine - SGX

Semb Marine - COT Proxy

Semb Marine has been having a run up since May 2009. Seems like it is running out of steam since its recent peak. The COT Proxy is approaching the convergence point. Those who dare can enter a long trade here although the provision for stop-loss will be bigger. Those with smaller risk appetite can wait and see what the next few weeks bring in until we see a clearer trend developing.