Thursday, December 1, 2016

Sembcorp Ind: Further breakout above 2.80 can see strength continue... price 2.83

First target breached at 2.80 too…..

Can there be more upside above? If yes then to where?

Well, upside can continue above 2.80 imo, we had a 1ET BULLISH SIGNAL few weeks back and there is NO EXIT to that yet …. PTI Graduates can check J

Congrats to those who rode last week on call….

Price today seems to match the arrows on the chart drawn last week…. Great feeling to see that….

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Recent Email:

Sent: Wednesday, November 23, 2016 2:58 PM
Subject: ******* Sembcorp Ind: A move above 2.70 a short term positive... price 2.73
Sembcorp Ind has been trading below the 2.65 – 2.70 resistance since breaking down in September. Over the past few days, we have see it pushed above with more upside likely towards 2.80 then 3.00 now. Moving averages are starting to converge positively with a potential crossover leading to reversal. Momentum indicator has also crossed into positive zone. A short term positive above 2.70 for now but we may see some profit taking along the way up given current market sentiments.

For illustration purpose only

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