A Happy National Day Singapore! Happy Birthday Singapore!
SembCorp Marine has tested several occasion around 1.31 which is quite near to its previous low being attained on 18th Jan 2016 at 1.30 level. Looks like it may bounce off from here any moment judging from TA point of view.
Both Macd & Rsi are being driven into a super oversold territories and I think a technical rebound may happen anytime.
Watch out for a long white thrust bar or several to appear for it to cross over 1.40 level. Crossing over of 1.40 with great ease + 3 white soldier may signify the driving force/momentum to be in place to take the share price higher towards 1.60 level mark with extension to 1.70 & above.
(trade base on your own decision)
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