Thursday, November 2, 2017

IS THIS STOCK FINALLY POISED FOR UPSIDE NOW?

Sembcorp Marine stock
Dear readers, it is not very often that you see a blue-chip stock, Sembcorp Marine being one of the top 20 volume stocks. But yes, yesterday, Sembcorp Marine stock made it to one of the top 20 volume stocks. This was due largely to the good earnings results amidst the lapping up of analysts of this stock. Sembcorp Marine stock has been trending up and I believe I could be one of the earliest one to note of this as have been sharing with you readers.
Ever since the sale of its rigs, there is bullishness in Sembcorp Marine stock, bullishness which has been evading the stock for quite some time as the stock trades in the laggard oil and energy climate. My bullish sentiment in Sembcorp Marine arises also due to the fact that I believe Sembcorp Marine stock will be taken private arising from the strategic review of Sembcorp Industries. I believe there will be some corporate action from Keppel to acquire Sembcorp Marine and the exit offer of Sembcorp Marine stock will be at least $2.50. Yesterday, the price action of Sembcorp Marine stock has broken the resistance on 6 March 2017 and this could mean more upside for Sembcorp Marine stock. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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