Sembcorp Marine 30 march 2015

Seems like it is once again approaching $2.90
Look to see if this is able to act as a support again
Can consider to enter after rebounding off from $2.90
However, one thing to note is that long term, the stock is still trending downwards, as seem from the 20, 50, and 200 days moving averages, which pose strong resistance
After which, $3 – $3.19 might be the next resistance
A successful breakout above the 20 days and 50 days moving average will be good

Time frame: 3 months – 1 year

Sembcorp Marine (3)


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