Ticker 1

DNA Trade Journal

Ticker 2

Click "Like" to Receive First Hand Updates From The Analysis Site / Click "SHARE" to share

Monday, 15 July 2019

Sembcorp Marine: 15 July 2019, Monday

Sembcorp Marine:
15 July 2019, Monday
(Click on the Technical Chart Above to Expand)

Attached is the updated Technicals for Sembcorp Marine that is listed in the Singapore SGX. Sembcorp Marine is currently at the secular cycle support and attempting to consolidate in a long term big double bottom as a new trajectory. This is illustrated in as Region B on technical chart. Region B price range (accumulation) is coincidentally a price satisfaction on Region A distribution. The entire series of trajectory is now not only symmetrical in price action Y-axis, it is now approaching symmetry in X-axis time line as well. This means Sembcorp Marine will resume its large uptrend from here, i.e. it is likely to break up $3.00 resistance (+100% profits from here), and eventually re-test $6.00 resistance. We are still in large bull market worldwide which will raise almost all boats.

DISCLAIMER
This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

No comments:

Post a Comment