Thursday, January 7, 2016

Sembcorp Ind: a Sell Down to a NEW Recent low again.... price 2.84....

Can the support at 2.80 hold??  Trend still weak as mentioned…..

Sent: Wednesday, January 06, 2016 9:27 AM
Subject: **************** Sembcorp Ind: Trading below 3.00 support a negative..... price 2.97
Still in watchlist, as mentioned yesterday, have traded below the 3.00 psychological support level today, weakness still seen, recent low was 2.96 so any clear move below this can see it head lower to find a new low and consolidation again.

Sent: Monday, January 04, 2016 11:41 AM
Subject: ****************** Sembcorp Ind: Consolidating within downward trend.... back to key support... price 3.01
Sembcorp Ind has consolidated from the 3.00 to 3.20 level for about a month and has failed to break above the 3.20 resistance level with selling pressure seen as soon as it rebounded near there. Today,  we have seen it trade back lower again towards the critical 3.00 support level. It may rebound from here back to 3.20 like we have seen previously but note that longer term trend is still downwards for now with 100 and 200 day MA still pointing lower firmly, so stop loss below 3.96 for any long rebound positions. A clear move with closing below 3.00 can open the way to more weakness towards 2.80 then 2.50 so be cautious. Note levels.

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