Dear readers, on 27 Feb 2018, in my post “Will Sembcorp Marine stock be privatized” , after looking at the technical chart of Sembcorp Marine stock which traded at $2.18 on 26 Feb 2018, I highlighted that the stock should head south even further in price and would find a support at $1.90, the “floor” according to the technical chart. On 2 Mar 2018, Sembcorp Marine stock reached an intra-day low of $2 before closing the trading day slightly higher at $2.02. Will we see another 5% points southing for Sembcorp Marine stock before it reaches the technical support of $1.90?

I believe near-term catalysts for Sembcorp Marine stock will be the privatization or M&A of Sembcorp Marine which is still possible even though the Strategic Review of Sembcorp Industries does not offer any clue to this possibility. An uptick of oil prices should also support …