Thursday, 9 February 2017

Sembcorp Marine: further upside

Long positions above 1.45 with targets at 1.57 & 1.60 in extension.
Short Term View
(Rise, Limited Rise, Consolidation, Limited Decline, Decline)
Limited Rise
Change In Short Term ViewNone
Medium Term View
(Bullish, Range, Bearish)
Bullish
Change In Medium Term ViewNone
Pivot: 1.45 download
Our preference: long positions above 1.45 with targets at 1.57 & 1.60 in extension.
Alternative scenario: below 1.45 look for further downside with 1.36 & 1.32 as targets.
Comment: the RSI is supported by a rising trend line.
Supports :  1.65 - 1.60 - 1.57 -1.49 Last
Resistances:  1.45 - 1.36-  1.32
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