SembCorp Industrial - Stopping Volume
Good evening all,
Recently, due to Sembcorp Marine dismal result, Sembcorp industrial price took a heavy hit. Sembcorp owns about 60% of SembMarine shares. Revenues wise, SembMar contributes roughly about 40+ percent of their revenue to SembCorp.
Price of SembCorp has fallen more than 7% since the release of Sembcorp Marine result. From 5.40 to around 5.00 at the moment. Today, SembCorp Industrial closes strong at $5.04.
The last 3 days, we have seen very heavy volume on SembCorp Industrial, especially on Tuesday and Wednesday.
Please see chart for detailed explanation.
Potential scenarios :
If Semb Corp financial result is gd + Macro condition is viable for a technical rebound.....
If Everything is chui....
Recently, due to Sembcorp Marine dismal result, Sembcorp industrial price took a heavy hit. Sembcorp owns about 60% of SembMarine shares. Revenues wise, SembMar contributes roughly about 40+ percent of their revenue to SembCorp.
Price of SembCorp has fallen more than 7% since the release of Sembcorp Marine result. From 5.40 to around 5.00 at the moment. Today, SembCorp Industrial closes strong at $5.04.
The last 3 days, we have seen very heavy volume on SembCorp Industrial, especially on Tuesday and Wednesday.
Please see chart for detailed explanation.
Looking at how SembCorp Ind behaves for the past few days....
If Semb Corp financial result is gd + Macro condition is viable for a technical rebound.....
If Everything is chui....
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