TICKER CODE: S51
Company Name: SEMBCORP MARINE
Industry: Singapore Stocks Producer Manufacturing Trucks/Construction/Farm Machinery
Position Proposed: BUY
Entry: NOW READY (0.175-0.190)
1st Partial Take Profit: 0. 465(August-October 2021)
2nd Partial Take Profit: 0.655(Early-Mid 2022)
Note that timeline buffered, I would expect Full Take Profit by Early 2022
Stop Loss: 0.160
Technical Analysis
1. Large Inverted Head & Shoulders (Forming)
2. Fibonacci Retracement at 0.786 ( Silver Zone)
3. Flag Pattern (Nearly Completed)
4. 1st Take Profit will be at Fibonacci Expansion Safe Take Profit and Flagpole Length
Company Name: SEMBCORP MARINE
Industry: Singapore Stocks Producer Manufacturing Trucks/Construction/Farm Machinery
Position Proposed: BUY
Entry: NOW READY (0.175-0.190)
1st Partial Take Profit: 0. 465(August-October 2021)
2nd Partial Take Profit: 0.655(Early-Mid 2022)
Note that timeline buffered, I would expect Full Take Profit by Early 2022
Stop Loss: 0.160
Technical Analysis
1. Large Inverted Head & Shoulders (Forming)
2. Fibonacci Retracement at 0.786 ( Silver Zone)
3. Flag Pattern (Nearly Completed)
4. 1st Take Profit will be at Fibonacci Expansion Safe Take Profit and Flagpole Length
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.