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Saturday, October 22, 2016

SembCorp Ind

SembCorp Ind - 21st Oct 2016

SembCorp Ind seems to be holding up well after touching the low $2.51 on 26th Sept 2016. It had manage to stage a slow recovery and closed higher at $2.58 on 21st Oct 2016.

Both Macd & Rsi are showing sign of a positive divergence which may likely provide further indication that the share price may continue to trend higher.

I think oil price has more or less stabilize between $50 - $55 level and it may move higher towards $60.

I think first confirmation signal to watch out is for its price to cross over $2.60 that will propel to drive the share price higher towards $2.66 then $2.76.
(trade base on your own decision)

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