Tag: Sembcorp Ind

CFD Trading – Buy Sembcorp Ind (U96.SGX) @ $2.02. Stop @ $1.98 and Target @ $2.11.

Nicholas

Sembcorp Industries Stock Code U96.SGX

Outlook

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.

Strategy                  

$2.02                 Buy

$2.11                 Price Target

$1.98                  Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Buy Sembcorp Ind (U96.SGX) @ $2.12. Stop @ $2.02 and Target @ $2.27.

Nicholas
SEMBCORP IND Stock Code U96.SGX

Outlook
Price reached a high of $2.20 on 20 April 2021 and since that high, price has been on a corrective decline but managed to hold above the cloud keeping the bullish trend intact. In the previous trading session, price moved above a recent high and created a V-shaped breakout, hinting of a move to new high at $2.27. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD remains bullish and is about to have a bullish crossover, hinting of a bullish price trend ahead.

Strategy
$2.12                 Buy
$2.27                 Price Target
$2.02                Risk Management Stop
3 weeks Trade Duration

CFD Trading 23 July 2019

Nicholas

Sembcorp Ind Stock Code U96.SGX

Outlook

Price has not managed to move much into the cloud; instead price has been capped by the lower edge of the cloud. Both Base and Conversion lines had a bearish crossover, hinting of a bearish trend ahead. Price has a resistance at $2.49 and as long as price stays below this resistance, and unable to move above the cloud, it is likely to decline to test the low of $$2.32 again. MACD is still bearish and below the zero line. A break of the support line is likely to accelerate the downtrend for a move below $2.32.

Strategy

$2.42 Sell
$2.32 Price Target
$2.50 Risk Management Stop
3 weeks Trade Duration

SIA Stock Code C6L.SGX

Outlook

Price broke above the cloud two days ago but yesterday, despite the black candlestick, was able to stay above the cloud and closed above a recent resistance as well. As long as price stay above resistance of $9.56, price should be heading higher to the next resistance point at $9.93. Price is currently supported by Conversion line and is above the Base line. Both Conversion and Base lines have a bullish crossover some time back before price move above the cloud. MACD is bullish and both lines of the MACD indicator are moving higher, hinting of an uptrend in price.

Strategy

$9.58 Buy
$9.88 Price Target
$9.44 Risk Management Stop
3 weeks Trade Duration

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CFD Trading 3 April 2019

Nicholas

Keppel Corp Stock code BN4.SGX

Outlook

Price is above the cloud and both Conversion and Base lines had a bullish crossover, hinting of a bullish trend. Price has move above an important resistance at $6.39. This resistance has capped price advance in the past on 3 occasions. Price could be about to move towards the gap resistance at $6.88 if it can stay above the important resistance at $6.39. MACD has turned bullish and is rising. MACD is also trying to break above a declining trend line that connects the previous two peaks. A move above would be a confirmation of the bullish trend. The target would be the gap at $6.88

Strategy

$6.40 Buy
$6.88 Price Target
$6.19 Risk Management Stop
3 weeks Trade Duration

Sembcorp Ind Stock Code U96.SGX

Outlook

Price has moved above the cloud, and Conversion and Base lines could be about to have a positive crossover. Price has broken above a declining trendline and is trying to move about another declining trendline. A move above would be a bullish sign. MACD is about to turn bullish and is rising. MACD had a bullish divergence warning earlier, hinting of a price bottom. A move above $2.64 would target the next resistance at $2.74.

Strategy

$2.64 Buy
$2.74 Price Target
$2.58 Risk Management Stop
2 weeks Trade Duration

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