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SembCorp Industries and SembCorp Marine To Recover? – AK (ASSI)
Aspire, Hot Picks | 23 January 2015
By: AK(ASSI)
Articles (41) Profile

Here are a couple of interesting chart formations:

Sembcorp Industries

SCI. A long white candle formed on a high volume day.

It could be a double bottom formation.
The MACD has formed a higher low.
Neckline approximates $4.50
If that should break, eventual target is provided by the declining 200d MA (the light blue line) which is approximating $5.00 now.

Sembcorp Marine

SMM. Another long white candle formed on a high volume day.

Looks like it could be a double bottom formation too.
The MACD has formed a higher low.
Neckline approximates $3.30.
If that should break, the declining 200d MA is the eventual target.
Currently, the 200d MA approximates $3.70.

Based on technical analysis, Sembcorp Industries and Sembcorp Marine look promising.

AK is a Singaporean stock market investor and a popular blogger. His blog was created with the intention of educating investors and sharing his investing journey with the target of having a more secure financial future in an uncertain world by creating a stream of reliable passive income with high yields.

AK is a Singaporean stock market investor and a popular blogger. His blog was created with the intention of educating investors and sharing his investing journey with the target of having a more secure financial future in an uncertain world by creating a stream of reliable passive income with high yields.

Please click here for more information about this author.


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