Wednesday, January 20, 2010

Offshore opportunities

The offshore sector continue to pose the most opportunities, as oil prices firm and prices of these companies still far off from their 2007 highs.

Swiber

Immediate resistance: 1.29, 1.42
Support: 1.10
when STI around 2900 - 3000 in 2008: 1.86 to 2.49

KepCorp

Immediate resistance: 8.80, 9.25
Immediate support: 8.30
July 2008: 10.32-11.14


SembCorp Marine

Immediate resistance: 3.76, 4.04
Immediate support: 3.40 - 3.50
July 2008: 3.98 - 4.73


As stock markets consolidate, this could be the best time to grab these shares before prices fly up again.

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