Sembcorp Marine – [ Might Be Worth Looking Again, Here’s Why]

Chart Source: Poemsview 30th June 2019

Sembcorp Marine had a nice upswing of about 5% since the last time we blogged and we’re looking at it again.

Here’s some of the reason why Sembcorp Marine is on our watchlist again.

1. Recent News of sembcorp industries to provide 2 Billion loan facility to Sembcorp Marine
2. If we re draw an uptrend line Sembcorp Marine is currently sitting on it and with a horizontal support of $1.45. A break below that might cancel our view of Sembcorp Marine
3. Russia agrees with Saudi Arabia to extend OPEC oil output deal
4. The risk reward for this set up is not bad hence its on our watchlist

What is your trade plan for Sembcorp Marine? Do you have a trade plan whenever you enter the market?

Want to know more about our plans for Sembcorp Marine?

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Yours

Humbly

Kelwin&Roy

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