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Saturday, December 10, 2016

SembCorp Ind

SembCorp Ind - 9th Dec 2016

SembCorp Ind looks rather positive from TA point of view.
Last Friday it had manged to cross above the formation of a Bull Flag pattern and closed well at $2.91.



Both Macd & Rsi are still rising and may likely see further upwards movement.

Short term wise, I think it may move up to test $2.95. Breaking out of $2.95 with high volume that may likely drive the share price higher towards 3.00 then 3.08.

( trade base on your own decision)

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