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Wednesday, 3 October 2018

Sembcorp Marine: 3 October 2018, Wednesday, 2.35pm Singapore Time

Sembcorp Marine:
3 October 2018, Wednesday, 2.35pm Singapore Time
(Click on Technical Chart above to Expand)

Attached above is the Technicals for Sembcorp Marine. Following my analysis to add buys at $1.96 on 23 July 2018, it has furthered rallied again after the successful backtest of long term support as illustrated on chart. The chart shows how Sembcorp Marine had turned long term resistance into long term support to indicate that the shipbuilding, O&G, Energy and Oil Rig Industry had switched from Winter to newfound Spring in 2018 onwards. The bull market worldwide has high upside. We are at just mid-point of a long term bull market as reiterated countlessly. Target is $4.40 based on the extremely large cup and handle formation.


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