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 View None
Medium Term View
(Bullish, Range, Bearish)
Bullish
Change In Medium Term View None

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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