Sembcorp Industries – [ Closed Below Psychological of $3, Whats Next? ]
Chart Source: Poemsview 30th May 2018
Sembcorp Industries part of the STI component stock, took a tumble on Monday as oil prices took the biggest hit last Friday night.
As Sembcorp Industries is the parent company of Sembcorp Marine so a drop in oil price would have some effect on Sembcorp Industries too.
It closed below its psychological support of $3 which is not a good sign. The moving averages are also sloping down and it’s below them too.
We might see further downside in the coming days to weeks if oil continues to weaken.
Want the latest updates on Sembcorp Industries sent to your handphone straight?
Be a client of Kelwin&Roy in order to benefit from their wide range of value added services and to be part of their exclusive community
Yours
Humbly
Kelwin&Roy
