Sembcorp Ind

Sembcorp Ind after touching the low of 2.60 on 16th May 2016 it had managed to stage a strong recovery /reversal and head higher to touch 2.81 on 20th May 2016. This is quite positive.

Also both MACD & RSI are showing a positive divergence which may be an indication that the share price may continue to head higher.

Short term wise it may move up to re-visit 2.90. Breaking out of 2.90 with good volume that may propel to drive the share price higher towards 3.00 then 3.10.
(trade base on your own decision)