Sembcorp Marine related to the oil & gas sector saw a nice ride up this week. We posted it just a week back when we saw some strength as it still being supported by the 50 days moving average and the uptrend lines.
So what’s next for Sembcorp Marine since it has hit our target of 1.57? From the chart although it has broke through the resistance of 1.57 it didn’t manage to stay above it. We’ll need to see if it can stay above 1.57 if it does then we might see 1.60 .Also, don’t forget to shift your trailing stop loss up. Slow and steady for sembcorp marine.
We hope our readers manage to learn and benefit from our sharing and had a great trading week. It’s time to take a break and have a restful weekend now. Recharge and be ready for next week.