Technical Pulse: Bukit Sembawang March 6, 2020 440


Bukit Sembawang (SGX: B61) continued bearish momentum will continue based on the technical

  1. The stock has a series of lower lows and the recent price touched a new low at 4.49.
  2. Bearish pennant formation signifies a continued downside pressure with a strong possibility
    of making another new low.
  3. Prices has been trending below the 50 and 200 SMA.
  4. Death cross since August 2019 is still valid.


*Timeline of the trade should be between 1-3 weeks from the date issued.


Simple Moving Average
Red dotted line = 200 SMA
Blue dotted line = 50 SMA

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