Chart Source: Poemsview 21st Jan 2019
Sembcorp Marine was off to a good start bringing cheers to the start of a brand new week.
Sembcorp Marine moved up to hit our first target of $1.68 which is a 3% upswing from our entry of $1.63.
Our EXCLUSIVE CLIENTS were alerted of this trade analysis just last thursday for them to Prepare, Plan and Proceed. Oil prices has been climbing up steadily which is currently benefiting our oil counters in singapore.
Currently Sembcorp Marine is being resisted at $1.68. A strong close above that might see prices moving higher in the coming days. Don’t forget to keep an eye out on oil prices as an adverse move could have an effect on our oil counters. Our short term uptrend line is drawn too so we’ll know where the support is.
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