Chart Source: Poemsview 15th Oct 2020
Sembcorp Industries one of the rare few counter that buck the downtrend and closed positive. In fact, it’s the highest percentage gain within the STI component for today.
We’re glad we managed to catch Sembcorp Industries just before it broke out alerting our EXCLUSIVE CLIENTS on Monday when it was trading at $1.34. A nice 10 cents upside which is about 7.5% in a week is a good trade to us! Could Sembcorp Industries continue its run? We think it might be possible given that its strong in a weak market, there is volume coming in and it closed above the $1.40 horizontal resistance.
Our next possible upside is $1.47. But do be cautious, elections is in about 3 weeks, so things could start to get volatile again.
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