
Sembcorp marine rising to hit the downtrend resistance. Now all eyes would be on OPEC meeting starting tomorrow and if there is a cut or stop in production this might be a catalyst for oil stocks to move up. We’ll considering going long once that downtrend line is broken at 1.485 . Stop loss can be at 1.435
Yours
Humbly
[…] up from our previous post of sembcorp marine ( http://singaporehumblestock.com/2016/11/sembcorp-marine-3/) , it did attempt to break the downtrend line of 1.48 and even its 200 days moving average but […]