It is getting boring on these stocks......

I have been writing about these stocks for the past several days to begin my journey as a novice analyst. I am trying to put my thoughts in words and re-enforce my learning.

Looking at the volume and movement of these stocks make me wonder if these stocks are even worth looking at.

The reason I pick it is due to the oil escalation due to the attacks of the Saudi Arabia refinery.

Now after few days, the world government and including Saudi Arabia came out to reassure the production impact and supply of oil shall be be drastically impacted. Stocks at this moment have not reacted negatively. The next trigger point will be want is the final conclusion of the investigation. I think it will take some time to determine the source despite allegations are pointing towards Iran.

Let's observe the first hour of these stocks and attempt to determine when is a good entry point.

SembMarine Stock Chart

From yesterday's close with the reverse doji sign, it shows weakness in the chart. There is a high probably that it will do down today. From the chart, one can notice the 1 cent drop in price. The market is picking up the stocks but the volumes are low for now.

Keppel Stock Chart

With the negative closing, it is expected that it is likely to head lower today during the opening. It went down, there are traders buying it but the bears are pushing it lower. Keppel has a good run for the past several days. It is not surprising that there is some resistance in going up.

SembCorp Stock Chart

SembCorp appears to survive the drop during the opening but the chart looks directionless.

In the next section, I will like to attempt to include a new factor in the analysis called relative strength index. Let see how that affects the analysis.


Please see my disclaimer in the blog.