May 23-27, Head & Shoulder Formation for SembMar,SembCorp,KepCorp

May 23-27, TA for SembCorp, SembMar, KepCorp

Very rarely, you can do "3 in 1" for a similar industry.  

Trend - Trend Reversal from Up Trend. MACD - 9D signal approaching the 0 line. (signal a confirmation of Reversal (from UP to Side Trend).

Momentum - All are oversold (indicated by Stochastic)

Support - All prices are sitting on the Support line

Resistance - See the respective line.

Chart Pattern - "Head and Shoulder" Formation (this is something to watch out for!) 

Very Rarely, you can do a "3 in 1" TA for a similar Industry. This is a typical example. However, what I would like you to watch out or be careful is the formation of "head and shoulder" pattern. This is a reversal pattern formation, indicate that if the support line is broken - it will fall 2x support line from the existing line. This formation has high probability and well-noted by traders. 

Another observation, all 3 charts - momentum are indicating a "divergence" which means - the support is getting weaker. If you are reading my blog, I hope you can be extremely careful - don't LONG it or try to do "Counter-Swing" strategy.  

Articles to read, 

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_t