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Passionate about the markets and Technical Analysis. The learning never stops!

Thursday, February 16, 2017

SembCorp Industries - Poised to break up



Sembcorp Industries was on the recovery track after forming an "Adam & Eve" bottom.

The trend is now up with a bullish consolidation flag completed recently when it retraced from 3.30 back to 3.07.  Am expecting it to break above 3.30 in the not too distant future.


Bulls are back!

The US markets declined pretty sharply on 13th December last year but 2 weeks later it hit into a longer term support and started to rebo...