Sembcorp Marine had a wonderful run today after releasing its results. It has swing to a profit in Q4 which probably helped in lifting the price up. A future squeeze on short sellers also helped the price moved up sharply. In fact sembcorp marine is up 20% since our first post in just two weeks. Solid gains and we hope our readers managed to learn something through this.
If you have been following us for a while, Sembcorp Marine broke through our uptrend line which could be another possible entry. We have drawn a few possible resistance in the near term so don’t forget to shift up your trailing stop now.