From calls last week, we have indeed seen the 2.00 psychological resistance breached through as well today.
Moving averages are pointing towards a reversal still with momentum indicator still strong. As long a 2.00 holds now, we are still short term positive.
The thing is we had a 1ET bullish signal on this counter on my system about 2 weeks ago before the sudden jumb.
And the next important thing is that there are no exits yet even though slightly more expensive then when PTI Grads were alerted from the system.
Find out more on the strategy behind and how to own the system in a free workshop - http://bit.ly/2btxZNP
For illustration purpose only
Recent Email:
Sent: Thursday, March 2, 2017 9:29 AM
Subject: ****** Sembcorp Marine: Potential move above 2.00 next, price 1.95
Subject: ****** Sembcorp Marine: Potential move above 2.00 next, price 1.95
Sent: Wednesday, March 01, 2017 4:20 PM
Subject: ****** Sembcorp Marine: Could be the start of an early stage upwards reversal, price 1.90
Subject: ****** Sembcorp Marine: Could be the start of an early stage upwards reversal, price 1.90
For illustration purpose only
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