Wednesday, January 25, 2012

SembCorp Industries

SembCorp Industries: OCBC note that counter may recover further after overcoming its key downtrend channel, $4.46 key resistance and 200-day MA as both the RSI and MACD are still trending steadily higher. Tips the stock to test the $4.80 immediate resistance, with the next obstacle at $5.30. The $4.46 level is now the key resistance-turned-support, with the next support at $3.90, a key trough in Oct and Dec.

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