In today’s briefing:
- Sembcorp Marine Buy Target/Support
Sembcorp Marine Buy Target/Support
- Sembcorp Marine shows interesting bull support at 0.12 where price and trendline meet but does face global cycle headwinds in March. Sell near term above 14.
- MACD trendline support under pressure and a must hold level for the bull case. An MACD would spell trouble for price.
- Current weakness if viewed as a pullback after the May to June bull triangle breakout. 11 is the key pivot level to hold.
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