SEMBCORP IND Stock Code U96.SGX
Outlook
Price couldn’t penetrate its previous high, forming a potential double top chart pattern. It is currently consolidating within a tight range, hinting at high volatility ahead. MACD has turned bearish. These could increase chances of the stock price moving lower.
Strategy
S$5.10 Sell
S$4.72 Price Target
S$5.21 Risk Management Stop
3 weeks Trade Duration
