Sembcorp Marine after touching the low of 1.565 on 8th Sept 2017, It has managed to stage a strong recovery and rises up to touch the high of 2.04 on 1st Nov 2017, this is generally quite positive.
It has retreated for the past two days and closed lower at 1.96 after touching the intra-day low of 1.95. Volume was slightly lower..
From TA point of view, it is still on a uptrend mode patterns and may likely move up to retest the recent high of 2.04. Crossing over with ease + good volume that may drive the price higher to 2.09 with extension to 2.19/2.20.
Not a call to buy or sell.
dyodd
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