Sembcorp Industries Ltd (US: U96) downside correction may see some temporary upside relief based on the technicals:
*Expected timeline of the trade is 6 weeks from the date of report issuance.
*The corrective downtrend is still ongoing, any upside is the corrective nature of the bearish downside, hence, risk of further sliding is still on should the neckline resistance at $1.92 fails to break.
Ichimoku Kinko Hyo
Red dotted line = 26 periods Kijun-Sen
Blue dotted line = 9 Periods Tenkan-Sen
Green Line B= 52 periods Senkou Span B
Pink Line A = 26 periods Senkou Span A
Black line = 26 periods Chikou Span. Lagging line
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