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Sembcorp Marine – [ Might Be Worth Looking Again, Here’s Why]algo investing.com/wp-content/uploads/2019/06/Sembcorp-Marine.png” alt=”Sembcorp Marine 30th June2019″ width=”970″ height=”544″ srcset=”http://algo investing.com/wp-content/uploads/2019/06/Sembcorp-Marine.png 970w, http://algo investing.com/wp-content/uploads/2019/06/Sembcorp-Marine-300×168.png 300w, http://algo investing.com/wp-content/uploads/2019/06/Sembcorp-Marine-768×431.png 768w, http://algo investing.com/wp-content/uploads/2019/06/Sembcorp-Marine-600×336.png 600w, http://algo investing.com/wp-content/uploads/2019/06/Sembcorp-Marine-724×406.png 724w” sizes=”(max-width: 970px) 100vw, 970px”>
Chart Source: Poemsview 30th June 2019
Sembcorp Marine had a nice upswing of about 5% since the last time we blogged and we’re looking at it again.
Here’s some of the reason why Sembcorp Marine is on our watchlist again.
- Recent News of sembcorp industries to provide 2 Billion loan facility to Sembcorp Marine
- If we re draw an uptrend line Sembcorp Marine is currently sitting on it and with a horizontal support of $1.45. A break below that might cancel our view of Sembcorp Marine
- Russia agrees with Saudi Arabia to extend OPEC oil output deal
- The risk reward for this set up is not bad hence its on our watchlist
What is your trade plan for Sembcorp Marine? Do you have a trade plan whenever you enter the market?
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