Monday 6 October 2014

Sembcorp Marine due for rebound.

Sembcorp Marine price chart shows candle stick reversal pattern. Shortist may cover position, rebound anytime.


2 comments:

  1. No rebound. Oil prices are still dropping.

    ReplyDelete
    Replies
    1. Hi FF, the rebound or pause or retrace (whatever you call it) had happen until 21 Oct 2014 $3.75, second attempt on 3 Nov 2014 and cannot break up the resistance, price broke the support $3.54 on 12 Nov 2014 continue the down trend.
      This stock did not make new high since 2012, may be is it due to oil price but chart told me its not an up trend stock.

      Delete