Sembcorp mar , it pushed below its major support of 1.505 level and currently still below. it was testing 1.505 level a couple of times and finally cracked below. This signal weakness and with that we would a short position could be made at 1.485 with a stop loss at 1.52. It’s results will be out on 28july will it suffer the same fate as keppel corp? Lets stay tune. For now sembcorp mar is weak to us.

Yours

Humbly

Sembcorp Marine, it formed a bullish harami yesterday on 6th april and one would kind of expect price to move up the next few days but it didn’t hence it caught our attention. And oil rebounded the night before but sembcorp marine didn’t rebounded as expected. So it might be worth pay attention to this stock

Today’s candle looks like a bearish engulfing one which might signal more downside to come. We would short at any price below today’s low and a stop loss of either 1.60 or 1.64. Targets we are looking at might be at 1.47 then 1.39.

Yours

Humbly