Chart Souce: Poemsview 14th May 2018
Sembcorp Marine moved up 5% since our entry of $2.14 last wednesday. Oil remains above $70 which could continue to bring some momentum for our oil counters. Sembcorp Marine being one of the few blue chip counters listed on SGX hence it is one of the traders go to when oil moves.
Our exclusive clients were informed of this trade step up since last wednesday at $2.14
2 Simple Steps Now:
- We raise our upside target to $2.30
- Ensure protective stop of $2.18 area
With these steps we would ensure that we are well cushioned just in case of any wide swing. We would continue to push our protective stop if Sembcorp Marine pushes up.
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