Sembcorp Industrial U96 has been on a long term down trend since the 1st of September 2010. It broke downtrend on its monthly supertrend level at $2.08 10 years ago.
Sembcorp Ind broke out of its pandemic downtrend in the medium term on 080620 at $0.92 and established an uptrend on the monthly charts on 010920 at $1.15.
The target of $2.08 (Supertrend on the montly charts) has been broken and the pivot of $1.97 on the supertrend day charts will form the support needed to stay above $2.08 to test $2.90 the high made on 010411.
LONG TERM UPTREND SINCE 010921
MEDIUM TERM UPTREND SINCE 080620
SHORT TERM UPTREND SINCE 250221
PIVOT 1.97
Long positions above 1.97 to test 2.90 and 3.45
Short positions below 1.97 to test 1.78 and 1.54
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