$SEMBCORP INDUSTRIES LTD(U96.S-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$SEMBCORP INDUSTRIES LTD(U96.SI)$
SembCorp (U96) daily chart
Triangle formed (connecting closing price)
Typically, if prior trend is UP, triangle is bullish bias
But bear in mind triangle can also breakdown to form bearish Triple Top (marked 1️⃣2️⃣3️⃣) with critical neckline support along $5.10

Taking a closer look at candle & volume bars:
20/06/23 - heavy full bar selling
06/07/23 - gap down selling also above average volume
19/07/23 - today closed with a bearish Inverted Hammer (plus around previous Peak price)

Normally you dont find heavy selling in bullish triangle, therefore i have doubts in the current rebound strength and SembCorp could be forming a 3rd Top afterall🤞

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Comments

BarbaraWillard
2023-07-20
BarbaraWillard
SCI is expected to continue to benefit from the strong growth in the Singapore economy.
Guy
2023-07-20
Guy
The company is well-managed and has a strong financial position.
FrankRebecca
2023-07-20
FrankRebecca
Sembcorp Industries' (SCI) stock price has been on a tear in recent months.

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volume bars:\n<br><b>20/06/23</b> - heavy full bar selling\n<br><b>06/07/23</b> - gap down selling also above average volume\n<br><b>19/07/23</b> - today closed with a bearish Inverted Hammer (plus around previous Peak price)\n<br>\n<br>Normally you dont find heavy selling in bullish triangle, therefore i have doubts in the current rebound strength and SembCorp could be forming a 3rd Top afterall🤞\n<img src=\"https://community-static.tradeup.com/news/41a5aaf6c91dcbc85125a2e6e4367218\" tg-width=\"1142\" tg-height=\"931\"></body></html>","htmlText":"<html><head></head><body><a target=\"_blank\" href=\"https://ttm.financial/S/U96.SI\">$SEMBCORP INDUSTRIES LTD(U96.SI)$ </a>\n<br><b><u>SembCorp (U96) daily chart</u></b>\n<br>Triangle formed (connecting closing price)\n<br>Typically, if prior trend is UP, triangle is bullish bias\n<br>But bear in mind triangle can also breakdown to form bearish Triple Top (marked 1️⃣2️⃣3️⃣) with critical neckline support along $5.10\n<br>\n<br>Taking a closer look at candle &amp; volume bars:\n<br><b>20/06/23</b> - heavy full bar selling\n<br><b>06/07/23</b> - gap down selling also above average volume\n<br><b>19/07/23</b> - today closed with a bearish Inverted Hammer (plus around previous Peak price)\n<br>\n<br>Normally you dont find heavy selling in bullish triangle, therefore i have doubts in the current rebound strength and SembCorp could be forming a 3rd Top afterall🤞\n<img src=\"https://community-static.tradeup.com/news/41a5aaf6c91dcbc85125a2e6e4367218\" tg-width=\"1142\" tg-height=\"931\"></body></html>","text":"$SEMBCORP INDUSTRIES LTD(U96.SI)$ SembCorp (U96) daily chart Triangle formed (connecting closing price) Typically, if prior trend is UP, triangle is bullish bias But bear in mind triangle can also breakdown to form bearish Triple Top (marked 1️⃣2️⃣3️⃣) with critical neckline support along $5.10 Taking a closer look at candle & volume bars: 20/06/23 - heavy full bar selling 06/07/23 - gap down selling also above average volume 19/07/23 - today closed with a bearish Inverted Hammer (plus around previous Peak price) Normally you dont find heavy selling in bullish triangle, therefore i have doubts in the current rebound strength and SembCorp could be forming a 3rd Top afterall🤞","highlighted":1,"essential":2,"paper":1,"likeSize":22,"commentSize":3,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/199620134580264","repostId":0,"isVote":1,"tweetType":1,"viewCount":1514,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["U96.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":576,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":106484121,"commentId":"106484121","gmtCreate":1689785611769,"gmtModify":1689785619187,"authorId":9000000000000696,"author":{"id":9000000000000696,"idStr":"9000000000000696","authorId":9000000000000696,"name":"BarbaraWillard","avatar":"https://static.tigerbbs.com/af002b44e35ebf40cafbbaf194de9c06","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":199620134580264,"objectIdStr":"199620134580264","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<p>SCI is expected to continue to benefit from the strong growth in the Singapore economy.</p>","text":"<p>SCI is expected to continue to benefit from the strong growth in the Singapore economy.</p>","html":"<p>SCI is expected to continue to benefit from the strong growth in the Singapore economy.</p>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":106484123,"commentId":"106484123","gmtCreate":1689785800880,"gmtModify":1689785808221,"authorId":9000000000000570,"author":{"id":9000000000000570,"idStr":"9000000000000570","authorId":9000000000000570,"name":"Guy","avatar":"https://static.tigerbbs.com/ba8aa4cb116251d941ecb460f20f465b","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":199620134580264,"objectIdStr":"199620134580264","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<p>The company is well-managed and has a strong financial position. </p>","text":"<p>The company is well-managed and has a strong financial position. </p>","html":"<p>The company is well-managed and has a strong financial position. </p>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":106484120,"commentId":"106484120","gmtCreate":1689785599493,"gmtModify":1689785608409,"authorId":9000000000000583,"author":{"id":9000000000000583,"idStr":"9000000000000583","authorId":9000000000000583,"name":"FrankRebecca","avatar":"https://static.tigerbbs.com/1d5adf454a12436f689bf03957e56db7","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":199620134580264,"objectIdStr":"199620134580264","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<p>Sembcorp Industries' (SCI) stock price has been on a tear in recent months.</p>","text":"<p>Sembcorp Industries' (SCI) stock price has been on a tear in recent months.</p>","html":"<p>Sembcorp Industries' (SCI) stock price has been on a tear in recent months.</p>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/199620134580264"}