Sembcorp Marine – [ Rebound Off Our Support]
Chart Source : Poemsview 27th Feb 2018
Sembcorp Marine had a nice bounce from our support of 2.16 which we blogged just last thursday evening. We anticipated more selling from Thursday close and indeed it came down to our support.
If Sembcorp Marine manages to stay above its 50ma at 2.24 we might see it move up to the next target of 2.36.
Market is moving now so we’ll keep the update short. Our Support is at 2.16 now and if that breaks 2.09 will be next.
As you can see from the chart, simple trendlines and support lines are key to your trading journey.
Clickย HEREย if you are serious about learning more on how trendlines/moving averages/support lines can help you in your trading journey.
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Humbly
Kelwin&Roy
