Sembcorp Marine's Subsidiary SMOE secures LNG Process Modules Assembly Contract 23-Sep-2014 17:12:42
infopub.sgx.com/FileOpen/SCMPressRelease23Sep2014.ashx?App=Announcement&FileID=315645
Announce on 23rd Sep 2014 but positive effect seen on 25th Sep 2014?
Riding on Dow Jones Upside?
Other then this news, their growth will still be slower.
By looking at the chart, there is a confluence zone with a small hammer if you look closed up in your own chart.
Downside is still in play unless we see a good upside break up from 4.15.
Then again, will we see an upside from current 3.78 to 3.91 as a major resistance?
This might be a dead cat bounce for the downtrend.
Always remember this, the trend is your friend.
Your guess is as good as my guess.
Trade Safely Everyone!
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