Thursday, April 8, 2021

SembCorp Marine - The Trend Forming?

Sembcorp Marine recently broke the 0.19 price barrier and shot past 0.20. It's been down trending for many months and now it has finally seen some interests in the stock where the stock was trading actively and heavily in the Top 30 Volume with rising price. I remembered seeing the stock shot past 0.21 and I thought that it might trend even higher with the buyers evincing themselves to pushing past the big walls of barrier at 0.20. Now that the price has simmered off a little, is it the time to accumulate and add positions or it might trend a little lower first ? I am watching this stock now as SembMarine is in play at the moment. I will act once the stock showed signs of turning at the right juncture.

Ronald K - Market Psychologist - A Stock Market Opportunist