Broker: Lim & Tan Securities
Date of Report: 20 April 2026
Excerpt from Lim & Tan Securities report.
Report Summary
- Stock: Sembcorp Industries Ltd
- Action: BUY (Short-term technical analysis)
- Key Idea: Price forecasted to be bullish for 1-2 weeks.
- Last Done Price: S\$6.84
- Short-term Target/Resistance: S\$7.20
- Short-term Support: S\$6.67
- Highlights:
- MACD shows bullish crossover, indicating positive momentum.
- Relative Strength Index at 59 (below overbought territory), room for appreciation.
- Upside capped at S\$7.20 resistance; downside limited by S\$6.67 support.
- Implications: Investors may consider buying Sembcorp Industries for short-term gains, with resistance at S\$7.20 and support at S\$6.67. Technical indicators suggest further upside potential before reaching overbought levels.
Above is an excerpt from a report by Lim & Tan Securities. Clients of Lim & Tan Securities can be the first to access the full report from the Lim & Tan Securities website : www.limtan.com.sg
