Sembcorp Industry

11th February, 2016, 2:51 PM
Sembcorp Industry Feb 2016
Sembcorp Industry Feb 2016

Sembcorp Industry rallied together with the STI last week but failed to break its resistance of $2.54 . With current market sentiment and with oil price sliding below $30 again this counter would be a good candidate for short. There was an increased in volume today with a bearish candlestick forming. We might see it go down to test the support of $2.17 and lets see if the support holds there…If not…………

The chart for sembcorp mar and SGX looks kind of similar, go take a look =)



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