Sembcorp Industries – [Multiple Downside Targets Hit, Is Upcoming Results Bad?]algo investing.com/wp-content/uploads/2018/10/sci-2.png” alt=”Sembcorp Industries 30th Oct 2018″ width=”963″ height=”551″ srcset=”http://algo investing.com/wp-content/uploads/2018/10/sci-2.png 963w, http://algo investing.com/wp-content/uploads/2018/10/sci-2-300×172.png 300w, http://algo investing.com/wp-content/uploads/2018/10/sci-2-768×439.png 768w, http://algo investing.com/wp-content/uploads/2018/10/sci-2-600×343.png 600w, http://algo investing.com/wp-content/uploads/2018/10/sci-2-710×406.png 710w” sizes=”(max-width: 963px) 100vw, 963px”>
algo investing.com/wp-content/uploads/2018/10/SCI-msg-2.png” alt=”” width=”231″ height=”335″ srcset=”http://algo investing.com/wp-content/uploads/2018/10/SCI-msg-2.png 231w, http://algo investing.com/wp-content/uploads/2018/10/SCI-msg-2-207×300.png 207w” sizes=”(max-width: 231px) 100vw, 231px”>
Chart Source: Poemsview 30th Oct 2018
Sembcorp Industries part of the STI component stock could not withstand the selling pressure over the last few days. It was down 5% since our short alert to our EXCLUSIVE CLIENTS last Wednesday. A nice downside ensued after our alert at $2.87. It went to a low of $2.71 before some rebound came. Currently Sembcorp Industries is sitting on some support at the horizontal and uptrend line. A break below that and staying below it might signal more downside.
Sembcorp Industries results will be out this Friday before market hours.
What will your trade plan be? Could Sembcorp Industries break that downtrend resistance line or will it continue to slide? Is the recent fall a sign of what the results might be?
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