Tuesday, January 24, 2017

Sembcorp Marine: Continuing yesterday's strength, price 1.565

From yesterday’s call, we are indeed seeing Sembcorp Marine pushed higher today and heading towards our first target at 1.60.

We can see some slight profit taking from there where one can consider locking in some gains too.

However, staying above 1.54 – 1.55 for now is a positive for the reversal to continue in the mid to long term.

Moving averages are still looking good for now... Let’s see.... J


Recent Email:

Sent: Monday, January 23, 2017 3:31 PM
Subject: ****** Sembcorp Marine: A reversal in sight above 1.50.... price 1.54

For illustration purpose only

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