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Sembcorp Marine ST: under pressure.
Trading Central | 2018-07-03 10:08:00

Short positions below 2.17 with targets at 1.88 & 1.77 in extension.

Pivot: 2.17

Our preference: short positions below 2.17 with targets at 1.88 & 1.77 in extension.

Alternative scenario: above 2.17 look for further upside with 2.33 & 2.54 as targets.

Comment: as long as 2.17 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:
2.54
2.33
2.17
1.99 Last
1.88
1.77
1.56

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 07-03-2018 at 12:08 UTC+1
Price reference: 1.99 last known on 07-03-2018 at 12:08 UTC+1
Investment horizon: ST

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