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Our pivot point stands at 5.17.
Our preference: the upside prevails as long as 5.17 is support.
Alternative scenario: the downside breakout of 5.17 would call %0for 4.97 and4.84.
Comment: the RSI is above 70. It could mean either that the stock is in alasting uptrend or just overbought and therefore bound to correct (look forbearish divergence in this case).
The MACD is above its signal line and positive. The configuration is positive.
Moreover, the stock is trading aboveboth its 20 and 50 day MA (respectively at 5.16 and 4.99).
SembcorpIndustries is currently trading near its 52 week high reached at 5.4 on17/07/12.Supports and resistances: 5.89 %0*5.77 **5.655.36 last5.255.17 **4.97 *.
Our pivot point stands at 5.
Our preference: as long as 5 is support look for 5.63.
Alternative scenario: below 5, expect 4.79 and 4.66.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is below its 20 day MA (5.22) but above its 50 day MA (5.11).
Supports and resistances:
5.76 *
5.63 **
5.5
5.22 last
5.09
5 **
4.79 *
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[Trading Central] Sembcorp Industries: as long as 4.92 is support look for 5.55
13 Mar 2012 08:24
Our pivot point is at 4.92.
Our preference: as long as 4.92 is support look for 5.55.
Alternative scenario: below 4.92, expect 4.7 and 4.56.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day MA (5.14) but above its 50 day MA (4.78).
Supports and resistances:
5.68 *
5.55 **
5.41
5.13 last
5.01
4.92 **
4.7 *
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Disclaimer
Our pivot point stands at 4.31.
Our preference: the upside prevails as long as 4.31 is support.
Alternative scenario: below 4.31, expect 4.09 and 3.96.
Comment: the RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 4.26 and 4.2).
Supports and resistances:
5.13 *
5 **
4.86
4.58 last
4.39
4.31 **
4.09 *
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Our pivot point stands at 4.3.
Our preference: the downside prevails as long as 4.3 is resistance.
Alternative scenario: the upside breakout of 4.3 would call for 4.52 and 4.66.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (standing respectively at 4.15 and 4.13).
Supports and resistances:
4.52 *
4.3 **
4.21
4.1 last
3.81
3.68 **
3.55 *
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