Wednesday, July 13, 2011

Semb Corp

STI has been bearish for the past one week, however my view is that the Mid term trend is still bullish. Unless STI drop below 3050. So now we should look at those good stocks that are now at the bargain price..

SembCorp closed 4.96. Had a hammer candlesticks yesterday, actually today is a good entry point as the stock is just slightly above previous day high. I always believe the opportunities always come when there is uncertainties. As we are going for mid term trade 2weeks-3mth, tomorrow it will still be a good entry point if the stock move higher. Stoploss can place at 4.80.