Tuesday, December 16, 2014

Sembcorp Ind (technical)

Sembcorp Ind, unfortunately, no sign of the end of the decline yet, prices just made new 52-week low today at $4.090 and price momentum is negative, with the MACD line leading the signal line down, on both the daily and hourly chart. In fact, the weak correction in the last plunge suggests more downside. Support at $3.88, resistance at $4.34

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