Friday, May 22, 2020

𝐈𝐬 𝐒𝐞𝐦𝐛𝐜𝐨𝐫𝐩 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬 𝐒𝐭𝐢𝐥𝐥 𝐖𝐞𝐚𝐤? (𝐂𝐚𝐫𝐞𝐟𝐮𝐥 𝐢𝐟 𝐭𝐡𝐢𝐬 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐁𝐫𝐞𝐚𝐤𝐬!)

About 2 - 3 months back, we spotted some really bearish price actions in Sembcorp Ind. 😧

It was holding above the 2.00 support since last year 𝐁𝐔𝐓 𝐭𝐡𝐚𝐭 𝐣𝐮𝐬𝐭 𝐆𝐀𝐕𝐄 𝐖𝐀𝐘 with the COVID-19 situation escalating..

Joey here, Top Tier Remisier in Phillip Securities.

𝗦𝗼𝗺𝗲 𝗱𝗼𝘄𝗻𝘀𝗶𝗱𝗲 𝘁𝗮𝗿𝗴𝗲𝘁𝘀 𝘄𝗲𝗿𝗲 𝗱𝗿𝗮𝘄𝗻, and seems like we have hit them both over the past 2 months.. ️🎯

See what i mean in the video recorded 𝟐𝟎 𝐌𝐚𝐲 𝟐𝟎𝟐𝟎 after the market closed..

Sellers still seems to be lurking around and prices just can't seem to retest the recent high points..😨

So the question is NOW WHAT?

𝙄𝙨 𝙎𝙚𝙢𝙗𝙘𝙤𝙧𝙥 𝙄𝙣𝙙𝙪𝙨𝙩𝙧𝙞𝙚𝙨 𝙖𝙡𝙡 𝙂𝙤𝙤𝙙 𝙛𝙤𝙧 𝙖 𝙛𝙞𝙧𝙢 𝙧𝙚𝙘𝙤𝙫𝙚𝙧𝙮 𝙗𝙖𝙘𝙠 𝙪𝙥 𝙤𝙧 𝙘𝙖𝙣 𝙩𝙝𝙚 𝙙𝙤𝙬𝙣𝙨𝙞𝙙𝙚 𝙨𝙩𝙞𝙡𝙡 𝙘𝙤𝙣𝙩𝙞𝙣𝙪𝙚?

Well, you need to know this 𝐂𝐑𝐈𝐓𝐈𝐂𝐀𝐋 𝐒𝐔𝐏𝐏𝐎𝐑𝐓 level.. 👈👈

This level will determine if more selling can continue, and to be honest I have set my price alerts for it..

Will be watching closely for more weakness if 𝘁𝗵𝗮𝘁 𝗿𝗲𝗮𝗹𝗹𝘆 𝗕𝗥𝗘𝗔𝗞𝗦! 👀 where we may ride the downside further..

Watch to the end of the video to know what level is this.

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Watch Video here >>

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