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Tuesday, March 29, 2016

SembCorp Ind

SembCorp Ind - 29th March 2016

SembCorp Ind after hitting the high of $3.28 on 23rd Mar 2016 it had continued to trend lower to touch $2.96 on 29th Mar 2016. This is generally rather bearish.


The current price of $2.98 is hovering below the SMA lines which is quite negative.

Also MACD line had crossed over the Signal line and turning downwards which may be a tell tale sign that the share price may continue to trend lower.

Short term wise it may continue to trend lower to re-visit $2.81. Breaking down of $2.81 that may drive the share price to go further down towards $2.52.

(trade base on your own decision)

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