Saturday, October 10, 2020

Technical Analysis Oct 2020: Sembcorp Marine (SGX: S51)

Sembcorp Marine (SGX: S51) 

Observation from chart:- 

Sembcorp Marine (SGX: S51) retest MA20 resistance level.
 
Will it breakout & retest next resistance? 

Other indicator:- 
MACD trade @ negative region, downtrend sign. 
Stochastic %K on BUY call. 

Immediate resistance @ MA20 line 
Subsequent resistance @ downtrend resistance line. 

Immediate support @ $0.141 level. 
If break this level, lower low is confirm. Downtrend resume. 

Let's watch closely Disclaimer

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