Excerpt from Lim & Tan Securities report.
Report Summary:
- Stock Focus: Sembcorp Industries
- Action: BUY (Short-Term, based on technical analysis)
- Key Levels:
- Short-Term Resistance: S\$6.99
- Short-Term Support: S\$6.43
- Rationale: The share price is moving within an Ascending Channel, indicating a bullish trend. The Relative Strength Index (RSI) is at 47, suggesting further upside potential before reaching overbought territory. Upside is capped at S\$6.99, while downside is supported at S\$6.43.
- Current Price (at report date): S\$6.64
- Investment Horizon:
- Short-Term: Bullish bias, targeting S\$6.99
- Medium-Term: Sideways (Resistance: S\$7.20, Support: S\$6.25)
- Long-Term: Bullish (Resistance: S\$7.63, Support: S\$6.07)
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
