Offshore stocks continue to sink

MARCO POLO MARINE (19.8 cents) - Poised for breakdown

- Prices are in process of breaking support at 19 cents

- Indicators suggest that prices are set to breakdown

- If breakdown occurs, initial downside of 14 cents is indicated

SEMBCORP MARINE ($2.19) - Poised to break support

- Prices are testing support area at $2.18 to $2.20

- Breakdown appears imminent

- If breakdown occurs, it would indicate target of $1.80

SEMCORP INDUSTRIES ($3.33) - Hovering at support

- Prices may break below support at $3.30

- Quarterly momentum appears poised to turn down

- The year's low provides support at $3

- Resistance is at $3.56

KEPPEL CORP ($6.76) - Approaching key support

- Prices are approaching support at $6.60

- Directional indicates suggest that prices are likely to trend progressively lower

- Break of support would indicate target of $5.80

- Resistance is at $7.02

YANGZIJIANG SHIPBUILDING ($1.11) - Further declines likely

- Chart looks like prices have come off a bear flag

- Target of $1 is indicated

TRIYARDS (42 cents) - Hovering around support

- Quarterly momentum has risen above equilibrium line

- Resistance is at 45.5 cents

- Unlikely that prices have sufficient impetus to rise above resistance

- When prices starts to ease, it is likely to retreat towards 37 cents

(Source:  TheEdgeSingapore November 23 2015)