Chart Source: Poemsview 30th June 2019
Sembcorp Marine had a nice upswing of about 5% since the last time we blogged and we’re looking at it again.
Here’s some of the reason why Sembcorp Marine is on our watchlist again.
- Recent News of sembcorp industries to provide 2 Billion loan facility to Sembcorp Marine
- If we re draw an uptrend line Sembcorp Marine is currently sitting on it and with a horizontal support of $1.45. A break below that might cancel our view of Sembcorp Marine
- Russia agrees with Saudi Arabia to extend OPEC oil output deal
- The risk reward for this set up is not bad hence its on our watchlist
What is your trade plan for Sembcorp Marine? Do you have a trade plan whenever you enter the market?
Want to know more about our plans for Sembcorp Marine?