Thursday, February 18, 2016

Sembcorp Marine: Breakout CAUGHT LIVE yesterday..... Now at 1.71 !

Has hit our first target at 1.70, heading towards 1.80 next as mentioned?

Sent: Wednesday, February 17, 2016 12:07 PM
Subject: *************** Sembcorp Marine: Breakout seen above 1.60, can see some momentum, price 1.635
Sembcorp Marine has broken above the key consolidation resistance at 1.60 today after the huge rebound seen yesterday. Those who managed to scale some long positions near 1.40 support yesterday can consider to take some profit on a further push upwards. Clearing above 1.60 can be a good short term reversal signal with resistance turned support at 1.60 now. Range to 1.70, 1.80 then 1.85. Can consider accumulating on dips above 1.60 with indications showing some sign of reversal. Let’s see if it can stay above 1.60 over the next few days. Raise stop loss to 1.58 for any long positions taken yesterday.

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