CFD Trading – Sell Sembcorp Ind. (U96.SGX) @ $2.99. Stop @ $3.11 and Target @ $2.79.

Sembcorp Ind. Stock Code U96.SGX

Outlook

Price broke below its recent low, enhancing the bearish view. Conversion line and Base line had a bearish crossover and is hinting at a bearish price trend ahead. Lagging Span is below price of 26 days ago but is above the cloud at the moment.  MACD is bearish with both its lines below the zero line. If price is unable to move above the cloud, it could be heading towards the support at $2.79 in the next 2-3 weeks.

Strategy                  

$2.99                 Sell

$2.79                 Price Target

$3.11                 Risk Management Stop

3 weeks              Trade Duration

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