Sembcorp Ind

The trend is still valid since my posts on 27th June 2019.
It is still staying within the support and resistance level and may rise higher to retest 2.50 and then 2.55 level.

The selling down from 2.49 to hit the low of 2.40 was due to market reaction towards the old news of it subsidiary - Sembcorp Marine lately resurfaced from the media.

I think the selling down is overly done as the investigation may take months or even years to make a closure of this saga.

Not a call to buy or sell.
Pls dyodd.


27th June 2019
Chart wise, seems to have bounced off from the lower trend line of 2.39 and rises higher to touch 2.44, looks Bullish!

 Short term wise, I think it may move up to retest 2.50 then 2.53.

Not a call to buy or sell.


Pls dyodd.