Sembcorp Industries Stock Code U96.SGX
The price broke above the cloud two days ago and has managed to stay above the cloud in the previous trading session, keeping the bullish trend intact. The conversion and base lines had a bullish crossover, hinting at a bullish price trend. The lagging span is above price of 26 days ago and is above the cloud, confirming the bullish trend. The MACD indicator is bullish with both its line above the zero line. MACD is hinting at a price rally. We foresee price moving higher to the resistance level at $2.11 in the next 2-3 weeks.
$2.11 Price Target
$1.98 Risk Management Stop
3 weeks Trade Duration