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Monday, 15 July 2019
Sembcorp Marine: 15 July 2019, Monday
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.
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