If this is a bull there should be a flag. Just not sure how big it will be.
Same for SembCorp. A successful test of moving average follow by a bounce off.
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j
Sunday 12th of February 2012
What is your take on SembCorp Marine? It is above 200ma. I find that usually SembCorp Marine will react about the same time as SembCorp.
James
Saturday 11th of February 2012
I'm looking at around 4.50 for SembCorp, the 200dma. Not sure if it'll pull back that much.
Drizzt
Sunday 12th of February 2012
hi James and J, i tend to not look at the 200day ma because there are some that would even use 400 ma. But it has shoot past all these levels we talk about. a retreat somewhere there are likely. you may want to wait for the breakout from the retreat to add.