Sembcorp Industry rallied together with the STI last week but failed to break its resistance of $2.54 . With current market sentiment and with oil price sliding below $30 again this counter would be a good candidate for short. There was an increased in volume today with a bearish candlestick forming. We might see it go down to test the support of $2.17 and lets see if the support holds there…If not…………
The chart for sembcorp mar and SGX looks kind of similar, go take a look =)
Yours
Humbly
