On Tuesday, SembCorp trend upwards and closed at $5.20 with regular volume of 3.43 million shares traded.
A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).
Both RSI & MACD are flat as RSI trend sideways.
Important Resistance of SembCorp: $5.28
Immediate Support of SembCorp: $5.04
Currently prices are supported by 20 days MA at $5.04.
Since 19/Mar, prices have been climbing on a rising trend line and formed a higher high and higher low. This is a bullish signal.
However the RSI has gone flat which affirms that the rally have lost its strength.
Too late to buy now but instead consider selling once $5.04 support breached if vested.
On Tuesday, STX OSV re-tests the support at $1.625 and closed ...
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