Sembcorp Industries - A Simple Story Which Looks Complicated

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Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<a href="https://www.smartkarma.com/entities/sembcorp-industries-ltd" target="_blank" data-smartkarma-citation="entities:1087:1" rel="noopener">Sembcorp Industries (SCI SP)</a> shows some compelling bullish chart points to set up a buy on minor weakness after the breakout above 1.67 that now represents pivot support and the bull/bear line in the sand and the level that ignited the impulsive rally.Trendline and price resistance meet near the 2.05/07 level, representing the level to clear to gain bull traction.Buy volumes need to improve on forward up days as sell volume spikes are still a concern near term and why we see a pullback in the offing.Pullback support comes in near the 8.0 break point of the micro bull wedge and the buy zone down to 1.75 with a stop below pivot support. Macro bull targets noted on the way up.

Sembcorp Industries (SCI SP) shows some compelling bullish chart points to set up a buy on minor weakness after the breakout above 1.67 that now represents pivot support and the bull/bear line in the sand and the level that ignited the impulsive rally.Trendline and price resistance meet near the 2.05/07 level, representing the level to clear to gain bull traction.Buy volumes need to improve on forward up days as sell volume spikes are still a concern near term and why we see a pullback in the offing.Pullback support comes in near the 8.0 break point of the micro bull wedge and the buy zone down to 1.75 with a stop below pivot support. Macro bull targets noted on the way up.

Sembcorp Industries

Sembcorp Industries Long Support