Sembcorp Marine is now on our radar and is a stock that we’ll be watching for the coming week. It’s been holding up well for the past week at around the horizontal support of 1.83. It is currently being resisted by the downtrend line and nearing the end of it. We’re keeping track of it to see if it can breakout of it.
We’re hoping for a breakout in the coming days but if the support of the 1.83 doesn’t hold then we might turn the opposite direction. Our entry point would be above the downtrend line.
It will be a shorter week this week with only 4 trading days as friday is Good Friday. Have a blessed week ahead.