SembCorp Marine seems approaching the support level at 1.555. Expect to see a bounce off from this level and hopefully it can move up to cross over 1.63 and eventually 1,73 in order to reverse this downtrend.
With Dow overnight closed +70 points even though Friday Job report added lesser number of new jobs lower than analyst expectation but still able to close higher. This is generally rather positive.
Come Monday or next week we may see market likely to follow the US market trending higher.
SembCorp Marine may likely move up to test 1.63. Crossing over of 1.63 with ease + good volume that may propel to drive the share price higher towards 1.73 then 1.83.
(trade base on your own decision)
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